In a world-first, Tourism Accommodation Australia (TAA), and Stayz, an Australian short-term rental platform, have announced that they have struck a common position on regulation of the short-term accommodation sector in New South Wales.
The joint TAA and Stayz position calls for the NSW government to support the healthy growth of the NSW visitor economy by:
- Introducing restrictions on short-term rentals in residential buildings in metropolitan areas in order to mitigate the effects that such rentals have on housing affordability and accessibility;
- Introducing measures to increase transparency and data-sharing across the entire accommodation sector in order to better inform government and industry planning;
- Limiting the regulatory impact on regional areas, where short term rentals play an important role in supporting local economies and promoting growth of regional tourism;
- Establishing measures to ensure environmental, health, safety and amenity issues are appropriately managed.
The agreement is the first of its kind globally struck between an accommodation association and a short-term rental platform regarding regulation of short-term rentals.
Carol Giuseppi, CEO of Tourism Accommodation Australia, said: “These measures would provide certainty for operators across the accommodation sector, and encourage investment, employment and sustainable growth in the visitor economy.”
Jordan Condo, director of corporate affairs for Stayz, said: “We appreciate the New South Wales Government’s leadership on this important issue. As two of the industry’s largest stakeholders, we look forward to working with the government to maintain the momentum of the current process and ensure any new regulation of short-term rentals addresses issues in metropolitan areas and does not have a detrimental impact on regional economies.”