#breckenridge #colorado #breckenridgerealtor
In the study, researchers noted that in Colorado, about 30% of visitors opt to use short-term rentals, and over half of visitors who use short-term rentals are staying in Summit County. Across all five counties, short-term rentals supported 14,700 jobs, directly and indirectly. Over 13,000 of those jobs were directly created by the short-term rental industry, and those jobs generated $599 million in wages in total.
Other key findings included that over 5 million visitors stayed in the counties studied, and short-term rental visitors spent approximately $1 billion in mountain communities. Most of those visitors, about 37%, stayed specifically in Summit County, where visitors spent about $40,000 per permanent resident.
detailing short-term rentals’ impact on five counties in Colorado: Summit, Grand, Eagle, Pitkin and Routt.
In the study, researchers noted that in Colorado, about 30% of visitors opt to use short-term rentals, and over half of visitors who use short-term rentals are staying in Summit County. Across all five counties, short-term rentals supported 14,700 jobs, directly and indirectly. Over 13,000 of those jobs were directly created by the short-term rental industry, and those jobs generated $599 million in wages in total.
Other key findings included that over 5 million visitors stayed in the counties studied, and short-term rental visitors spent approximately $1 billion in mountain communities. Most of those visitors, about 37%, stayed specifically in Summit County, where visitors spent about $40,000 per permanent resident.
The Airbnb study also stated that only 3% of current short-term rental inventory could be turned into workforce housing because of “typology, availability and price point.” Potential solutions, researchers wrote, should be addressed through building more affordable housing and by incentivizing the conversion of short-term renting to long-term renting.
But, of course the Breckenridge town staff insists that "we cannot build our way out of this." According to Breckenridge housing planning manager Laurie Best. She must also believe just because Colorado's population has increased by millions in the past 10 years (and with that comes more vehicles) we shouldn't build or widen our roads because that would just encourage more traffic! We can and should build our way out of this.
