Consider the implications of ending short-term rentals
Maui will see a severe reduction in transient accommodations taxes. Tourism numbers, also, will likely fall. Will vacationers book Maui hotels instead? Some, but likely not many. High nightly hotel rates will lead to booking on another Hawaiian island, one that still permits short-term rentals. Will owners of Maui’s short-term rentals convert to long-term rentals? Many owners own in order to live some months on Maui: another source of tax revenue. Thus, it’s not possible to rent their condos for long-term use. Many STR owners will leave their condos vacant when off island. I ...