Report claims Hawaii vacation rental units have increased 35% in past two years

Hawaii’s inventory of vacation rental units increased 35 percent to 23,000 from 2015 to 2017, according to a report by The Hawaii Appleseed Center for Law and Economic Justice. The report claims that Hawaii’s vacation rental industry is putting pressure on available housing stock in the Islands and driving up rents. “A sharp increase in VRU inventory, driven by the strong economic returns VRUs generate, undoubtedly affects our local housing market,” the report reads. “Maui, the island…

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