Travel Tech Responds to Chicago’s New Short-term Rental Regulations

The Travel Technology Association (Travel Tech) issued the following statement regarding Chicago’s new short-term rental ordinance:

“Short-term rental platforms have transformed the travel marketplace and provide significant income opportunities to thousands of Chicago residents.  The City Council’s newly approved regulations arbitrarily limit the availability of short-term rentals to travelers and erect roadblocks to residents’ vital supplemental income”, said Matt Kiessling, Travel Tech’s head of short-term rental policy.  “Short-term rentals have a positive impact on the bottom line for all stakeholders – owners and hosts, local neighborhood businesses, and the city’s tax revenue.  Going forward, we hope Chicago works to remove some of the barriers set in place through this ordinance in order to promote the city to visitors and signal the city’s desire to encourage innovative income opportunities.”