AH&LA Applauds Legislation in Virginia to Rein In the Rise of Commercial Operators in the Short-Term Rental Marketplace
The American Hotel & Lodging Association (AH&LA) applauded the Virginia Senate's passage of the SB 416. The Limited Residential Lodging Act was amended in recent days to ensure a thoughtful study of this important issue over the coming months before any legislation is enacted. The bill, which now goes to Gov. Terry McAuliffe for consideration, had in its original form codified the preferred collection method of Airbnb while preempting local governments from further regulation of the short-term rental platform's business model.
"We are very thankful to the Virginia House for amending Airbnb's preferred legislation before approving the Senate Bill," said Eric Terry, president of the Virginia Restaurant, Lodging & Travel Association. "With Airbnb's efforts to push similar bills across the country, the implications of this legislation go far beyond the confines of Virginia. We are happy to see our state at the forefront of regulating a new player in the lodging sector."
The Substitute Bill will now be given to Governor Terry McAuliffe for a final signature and enactment. The Virginia Housing Commission will conduct an in-depth study on Airbnb and the short-term online rental market. Under the advisement of a panel of lodging, short-term online rental companies and their users, and others, will be completed by December 1, 2016. The study will be reviewed by the General Assembly, and the legislation will be reviewed and reenacted during the 2017 General Assembly Session.
About the American Hotel & Lodging Association
Serving the hospitality industry for more than a century, the American Hotel & Lodging Association (AHLA) is the largest national association solely representing all segments of the 8 million jobs the U.S. lodging industry supports, including hotel owners, REITs, chains, franchisees, management companies, independent properties, bed and breakfasts, state hotel associations, and industry suppliers. Headquartered in Washington, D.C., AHLA focuses on strategic advocacy, communications support, and educational resources for an industry that advances long-term career opportunities for employees, invests in local communities across the country and hosts more than one billion guests" stays in American hotels every year. AHLA proudly represents a dynamic hotel industry of more than 54,000 properties that supports $1.1 trillion in U.S. sales and generates nearly $170 billion in taxes to local, state and federal governments. Learn more at www.AHLA.com.