US EditionMaui mayor's plan to phase out vacation rentals would increase housing but shrink the economy
- Maui Mayor Richard Bissen proposed to phase out vacation rentals to address a severe housing shortage exacerbated by the 2023 wildfires, aiming to add up to 6,127 units to long-term housing stock, increasing supply by 13%.
- Economists from the University of Hawaii warned that this plan would shrink Maui's economy, eliminating one-quarter of visitor accommodations and decreasing visitor spending by 15%.
- The report noted the potential loss of around 1,900 jobs, or 3% of the county's payroll, and a 4% contraction in gross domestic product due to the proposal.
- Bissen acknowledged that economic models fall short of capturing the real-life struggles residents face, emphasizing the cultural loss from people's forced displacement.
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The Mercury newsReposted by 
East Bay Times
East Bay TimesPlan to phase out Maui vacation rentals would increase housing but shrink the economy
The 2023 wildfires wiped out more than 3,000 housing units in Lahaina. About one-third of the island's visitors use vacation rentals.
·San Jose, United States
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Report: Maui short-term rental ban would bring big economic shocks | Honolulu Star-Advertiser
Maui could pay a hefty price that includes losing close to 2,000 jobs and $1 billion in annual visitor spending for turning a special class of vacation rental units into housing.
·Honolulu, United States
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Associated Press News+20 Reposted by 20 other sources
Maui mayor's plan to phase out vacation rentals would increase housing but shrink the economy
A new report by University of Hawaii economists says an unprecedented proposal from Maui’s mayor to phase out vacation rental condos would alleviate a severe housing shortage aggravated by the 2023 wildfires.
·United States
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Total News Sources28
Leaning Left9Leaning Right1Center13Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 39%
C 57%
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