Part 5/11:
The study points out that over 75% of short-term rental owners operate just a single unit, many of whom are locals or part-time residents supplementing their income. Only a minority (~20%) see their properties purely as investments. Consequently, the economic impact extends beyond property owners; it affects local small businesses that service these rentals—cleaners, property managers, landscapers, and vendors—creating ripple effects that threaten entire sectors of the island’s economy.