BCBusiness

July 2018 The Top 100

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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SOURCES: BC HOTEL ASSOCIATION; AIRDNA; CBRE HOTELS, jUNE 2017 jULY/AUGUST 2018 BCBusiness 105 Okanagan Tourism Association. Jarrett also promotes the region's culinary and agricultural tourism and is vice-chair of Slow Food in Canada. "You're advocating and working with municipali- ties, and you're raising the pro‰le of tourism so that people understand what it contributes to the com- munity, whether it's high-school or part-time jobs, or full-time, year-round great professional jobs," she observes. "Those businesses don't do any of that because it's all under the table." ŒJarrett emphasizes that everyone oŽering tourist accommodation should be subject to the same rules and responsibilities. These include taxation, health and safety standards, business licences, insurance and accessibility. "Not only will this achieve fairness and a level playing ‰eld," she notes, "it will ensure that travellers are kept safe and communities are preserved." Besides failing to contribute to communi- ties, short-term rentals remove aŽordable hous- ing for local workers. "Accommodation was short ‰ve years ago, and now it's critically short—there just isn't any," Jarrett exclaims. "So we rent houses and apart- ments for an eight-month period, and then we use that for staŽ accommodation." Longer term, she's looking into building staŽ housing through a joint venture with the Osoyoos Indian Band. Œ Governments are starting to take action. Municipalities such as Nelson, Richmond, To‰no, Vancouver, Victoria and Whistler now have business licensing requirements for tourist accommodation operators, and as of February, AirbnbŒis collecting provincial and municipal taxes from its B.C. hosts. The provincial government, which estimates that Airbnb will remit some $16 million through the PST and an additional $5 million through the MRDT, plans to look at similar arrangements with other short-term lodging websites. –F.S. 80,000 Rooms in BC Hotel Association member hotels 61% vICtoRIa Growth in Airbnb units managed by multi-unit hosts, 2015/16–2016/17 69% vanCouveR Growth in Airbnb units managed by multi-unit hosts, 2015/16–2016/17 AIRBNB RENTAL UNITS COmPARED TO TOTAL ACCOmmODATION INVENTORY IN 2016 Vancouver hotel rooms: 23,475 Vancouver Airbnb units: 14,424 Airbnb percentage of total inventory: 38% Victoria hotel rooms: 5,941 Victoria Airbnb units: 2,185 Airbnb percentage of total inventory: 27% HOusING sHOCk Home-based tourist quarters compete with hotels but aren't held to the same standards

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