Vacation rentals boost Coachella Valley economy by $7M

 

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Photo: Jay Calderon/Desert Sun

This week I’m sharing an “enlightening” article that appeared in our local newspaper, The Desert Sun, on November 2, 2014.  I think it will be of interest to most of my readers … but primarily all Coachella Valley vacation rental owners.  If you were to do a web search of almost any resort city in the U.S., you’d most likely find similar articles.  As vacation rentals grow in popularity, so grows the challenges faced by vacation rental owners and their management companies.  As the owner of Vacation Rentals of the Desert, with properties throughout the Coachella Valley cities, I actively work with the city officials to ensure that the properties we manage are in complete compliance with the various city ordinances.  We promote “good neighbor” policies and keep our owners and rental guests informed of all rules and regulations.  Vacation rentals are a very Hot Topic these days and all vacation rental owners should keep informed of the ever-changing conversation and become involved with their “business asset.” 

Xochitl Peña, The Desert Sun11:13 p.m. PST November 2, 2014

Why stay in a hotel room when you can have an entire house?

That line of thinking has helped grow the vacation rental scene in the Coachella Valley into a money maker, generating close to $7 million in bed tax revenue for valley cities and about $216 million in “direct spending” in 2013.

Premiere events — Modernism Week in Palm Springs, the BNP Paribas Open tennis tournament in Indian Wells, the Humana Challenge in La Quinta, and the Coachella and Stagecoach music festivals in Indio – all continue to attract an increasing number of people each year who choose to stay in homes.

Records requested by the Desert Sun showed valley cities last fiscal year brought in $6.8 million in vacation rental transient occupancy tax, up from $5.1 million the year before, which helps boost budgets and provide for city services. Coachella and Desert Hot Springs are the only cities that do not collect the bed tax on rentals.        Read full article ….

 

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