A summary and analysis of the positive economic impact the short term rental industry has had on the greater Los Angeles area. The analysis and summary report was written by Brandon Brawner, Associate Director of Public Engagement for the Los Angeles Short Term Rental Alliance (LASTRA).

1.
ECONOMIC IMPACT STUDY
ANALYSIS & SUMMARY OF KEY FINDINGS
by Brandon Brawner
Assoc. Dir, Public Engagement • Feb 4, 2016
Study commissioned • Fall of 2014

2. HELPING LOCAL
COMMUNITIES THRIVE
Short term rental guest
spending is an important
part of the tourism sector in
Los Angeles, ultimately
creating thousands of jobs
and millions of dollars of
economic activity, wages,
and tax revenue for the
community each year.

3. STR’s are becoming increasingly
more popular as a lodging choices
for vacation travelers, and
business people alike become
more accessible & enjoyable due
in large part to the user-friendly
interface, ease of use, and easy
access of the large online listing
services (e.g., HomeAway, etc.).
EASY FOR
EVERYONE

4. STABILIZING LA'S
TOURISM INDUSTRY
• The travel and tourism market in Los
Angeles has been on a rampant
upward growth pattern since this study
was written.
• The demand of that growth was
outpacing the communities ability to
create new supply.
• Short Term Rentals have become a
necessary compliment to the hotel
industry, translating into direct
consumer savings that is spent locally,
thereby increasing the net positive
economic advantage.
• STR’s are a major contributor in the
expanding labor market in Los Angeles,
adding to the increase of nearly 21,000
tourism related jobs from 2012 to 2013.

5. REVITALIZING OUR
LOCAL ECONOMY
• More than 15,000 properties listed in the
Los Angeles area through the web based
sharing and listing platforms.
• STR’s in Los Angeles accounted for the
purchase of nearly one million stays in
rooms and homes in 2013, which has
become a major contributor to job
growth in our local communities through
increased tourist spending.
• This translated into an estimated $211.7
million dollars that was infused into our
local communities, which created many
additional jobs for Angelinos.
• The overall economic activity in Los
Angeles County was near $1.4 billion
dollars that year.
• 12,314 additional jobs were created as
well for our neighbors that lifts the entire
community as a whole.

6. BUILDING
PARTNERSHIPS
FOR THE FUTURE
The owners, operators, and
supporters of the STR market are
a c t i v e m e m b e r s o f o u r
communities. We are proactive
in building lasting partnerships
with our neighbors to create
open lines of communication,
and to find ways in which we
can work together to create
safe, secure, and vibrant places
to live for everyone.