• evolving_timeshare_model

Hawai‘i has long been a “dream destination” providing unmatched experiences for millions of visitors while serving as by far the largest economic driver of the state’s economy – approximately 10 million visitors in 2018. Where do these 10 million visitors stay when they are in Hawai`i?

Many visitors choose to stay in vacation rentals, which has become a booming business in the islands. Advocates of short-term rentals cite the financial benefits to the state economy, which results in the increased capacity for visitors, millions of dollars in tax revenue, and the entrepreneurial benefits. Opponents lament the changing character of once quiet residential neighborhoods, the weakening of the traditional hotel industry and their jobs, and the displacement of long-term residential tenants. It
has certainly been a hotly contested issue.

This course provides a review and update of laws governing short-term rentals, including Transient Vacation Units (TVUs) (aka Vacation Rentals), Bed and Breakfasts, and other types of transient accommodations. The course covers zoning laws on O`ahu including the Land Use Ordinance of Honolulu and the recently enacted Bill 89, a sweeping change in the law that promises to change the playing field of short-term rentals.