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WMRA Study: Exploring Short-Term Rental Impact in Mountain Getaways

Photo courtesy of Gunnison-Crested Butte

WMRA Study: Exploring Short-Term Rental Impact in Mountain Getaways

Nestled in picturesque surroundings and often called “Colorado’s Last Great Ski Town”, Crested Butte is home to many short-term rental properties. A recent study commissioned by the Western Mountain Resort Alliance (WMRA), supported financially by the National Association of REALTORS® and executed by RRC Associates and Inntopia, provides an impartial examination of the economic dynamics surrounding short-term rentals (STRs). The study unveils the substantial economic and social benefits STRs bring to these mountain communities, including support for local businesses, job creation, and diverse accommodation options for visitors.

Key insights from the study include:

  • The significant economic contributions of STRs to the region.
  • Potential effects of STRs on housing availability and affordability.
  • Important considerations for managing and regulating STRs effectively.

Crested Butte Short-Term Rental Market

The WMRA urges policymakers and the public to engage in informed discussions about STRs, leveraging data and understanding the unique needs of each community. Collaborative efforts can ensure that STRs continue to bolster Colorado’s economy while preserving the quality of life for residents and the character of mountain towns.

You can explore the research findings by clicking on the following links:

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