A new report shows short-term rentals are a boon to the Arizona economy despite some who say short vacation stays can lead to trouble with parties that get out of hand.
The report, from Tempe-based Rounds Consulting Group, stated the short-term rental industry supported about 75,500 jobs in 2021 from visitors spending money in the state. The industry generated $538.4 million in state, county and city tax revenues in 2021, the report said.
In Maricopa County, the short-term rental industry supported more than 41,000 jobs and produced an economic output locally of more than $3 billion, half of the entire state’s STR economic output, the report said.
