WMRA Study Explores the Impact of Short-Term Rentals in Popular Mountain Destinations
A new study commissioned by the Western Mountain Resort Alliance (WMRA), with financial support from the National Association of REALTORS®, and conducted by RRC Associates and Inntopia, makes an unbiased review of the economic activities surrounding short-term rentals (STRs) and reveals the significant economic and social contributions STRs have in the mountain communities of Summit and Pitkin Counties in Colorado. The study highlights the positive role STRs play in supporting local businesses, creating jobs, and providing diverse accommodation options for visitors.
Through these resources, you can gain valuable insights into:
- The economic benefits generated by STRs in these regions.
- The potential impact of STRs on housing availability and affordability.
- Additional considerations surrounding the management and regulation of STRs.
The WMRA encourages policymakers and the public to engage in constructive dialogue about short-term rentals, based on data and the specific needs of each community. By working together, we can ensure that STRs remain a valuable contributor to Colorado’s economy and communities, while respecting the quality of life for residents and preserving the unique character of our mountain towns.
Click the links below to delve into the research.
Read the Summit County Executive Summary
Read the Summit County Final Report
Read the Pitkin County Executive Summary
Read the Pitkin County Final Report
Read the Teton County Executive Summary
Read the Teton County report
Read the Combined Report