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HomeMy WebLinkAbout09. VLMDAC Presentation RBO1 Short Term Rentals Update Town of Vail | Finance | 7/20/2017 •The town’s ordinance that went into effect January 2016 has added just over 310 individual owner licenses to short term rent their units; They are also required to pay lodging tax •This does not include an additional 620 units represented by property management companies •This winter, the town partnered with Destimetrics to gather valuable data regarding the available inventory of units being rented. 2 Peer Resort Comparison Town of Vail | Finance | 7/20/2017 3 Peer Resort Comparison Town of Vail | Finance | 7/20/2017 4 Gathering public input on: Town of Vail | Finance | 7/20/2017 Licensing | Enforcement | Taxes Life Safety Quality of Life / Community Vail Quality Standards / Fair Competition Benefits of Short Term Housing 5 Short Term Rental Update Town of Vail | Finance | 7/20/2017 Thank You! Questions?