Costa Rica is the latest country to enter the short term rentals debate. Community leaders urgently call for government action to preserve “Pura Vida”.
— Bary Roberts
SAN JOSE, SAN JOSE, COSTA RICA, September 15, 2023/EINPresswire.com/ — The peaceful nation of Costa Rica is the latest country to enter the short term rentals debate. Community leaders and tourism professionals urgently call for government action to preserve Costa Rica’s famous “Pura Vida” model of sustainable tourism. They claim that the unchecked growth of short-term rentals in Costa Rica is distorting housing markets (Barker, 2020). They further argue that unregistered rentals compete on an uneven playing field with heavily regulated, traditional lodging.
Costa Rican lawmakers cite the potential to generate over $120 million in annual tax revenue as an additional incentive for regulation. However, overseeing compliance for 40,000 short-term rentals in Costa Rica is an overwhelming task for local authorities. They argue that platforms like Airbnb, Vacasa and VRBO should therefore shoulder responsibility.