Santa Barbara Tourism Industry Under Fire by City Council Regulation
By Kiley Smith, Huffington Post
A new study measuring the impact of short-term home rentals in Santa Barbara County, one of California’s top tourism destinations, shows that the industry generates close to $500 million a year locally and creates 5,000 direct and indirect jobs.
The comforts of home on your next Santa Barbara vacation may soon be disappearing. In the summer of 2015, the Santa Barbara city council voted to ban short term vacation rentals, citing potential noise complaints and a shrinking open rental market.
Though heavily opposed by the public, these new ordinances – which go into effect in Q1 2017 – will force a booming industry to almost completely shutter its doors, sacrificing jobs, significant revenue loss, and potentially causing a plummet in real estate home values in the area.
See the full article at HuffingtonPost.com.