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Florida Real Estate Investment | South FL Life & Real Estate: Premier Listings Blog

Thursday, February 13, 2020   /   by Jordana Tobel

Florida Vacation Home Rentals: Big Impact & Getting Bigger

Guess how much Florida vacation home rentals contribute to the state economy?

Almost 28 billion.  Yes, that’s billion with a “b.” That’s almost 20% of the state tourism industry, according to a new report by the University of Central Florida’s Rosen College of Hospitality Management.

In 2018, more than one in 10 tourists stayed in a vacation-rental home.
“Floridians have long-known that the state’s vacation rental industry has a significant impact on our economy, but the numbers in this report are simply staggering,” says Florida Realtors president Barry Grooms, a Realtor and co-owner of Sarabay Suncoast Realty Inc. in Bradenton. “More than $27 billion a year is a substantial contribution to our economy, and the 115,000 jobs it supports are critical to the well-being of many of our communities.”
Florida’s tourism industry is growing faster than the U.S. economy.  The state has experienced 8 consecutive ...

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