Please see the following statement from Florida Realtors® President Barry Grooms, a Realtor and co-owner of Sarabay Suncoast Realty Inc. in Bradenton, regarding the vacation rental economic impact report released today by the University of Central Florida’s Rosen College of Hospitality Management.
“Floridians have long-known that the state’s vacation rental industry has a significant impact on our economy, but the numbers in this report are simply staggering. More than $27 billion a year is a substantial contribution to our economy, and the 115,000 jobs it supports are critical to the well-being of many of our communities.”
“Many thanks to UCF for their time, effort and expertise in constructing this valuable report. Given the vital importance of vacation rentals to our economy, I truly hope policymakers and stakeholders consider this information as they deliberate on measures that could impact the industry.”
Florida Realtors® serves as the voice for real estate in Florida. It provides programs, services, continuing education, research and legislative representation to more than 195,000 members in 51 boards/associations. Florida Realtors® Media Center website is available at media.floridarealtors.org.