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July 24, 2024, 9 a.m.
COUNTY CLERK
Hawai'i County Building COUNTY OF HAWAV i
To: Hawaii County Council
Time— S :2!5 a.M . By
Heather Kimball, Chair Date JUL 2 3 2024
Holeka Goro Inaba, Vice -Chair
From: Joe Kent, Executive Vice President
Grassroot Institute of Hawaii
RE; Resolution 556-24 --- A RESOLUTION REQUESTING THE DEPARTMENT OF RESEARCH AND DEVELOPMENT
TO PROCURE A COMPREHENSIVE STUDY ON THE ECONOMIC AND FISCAL IMPACTS OF THE TRANSIENT
ACCOMMODATION RENTAL INDUSTRY IN HAWAI'I COUNTY
Aloha Chair Evans, Vice -Chair Lee Loy and other members of the Council,
The Grassroot Institute of Hawaii would like to offer its support for Resolution 556-24, which would request
the Hawai'i County Department of Research and Development to study the economic effects of short-term
rentals in Hawai'i County.
Because the County is considering a new regulatory framework for short-term rentals, it would be wise to
gather relevant information — such as job, wage, income and housing -related statistics — before acting on the
proposed new rules.
Several studies have indicated short-term rentals in Hawaii provide relatively large numbers of jobs and
substantial tax revenues for the state and counties.'
Thank you for the opportunity to testify.
Joe Kent, Executive Vice President
Grassroot Institute of Hawaii
' "State of Hawaii nd Maui EconoLnic and Fiscal Im acts of the Short -Terra Rental Industry " prepared by Kloninger & Sims
Consulting LLC for the Travel Technology Association, June 12, 2024; and "Hawaii's Home and Vacation Rental Market: Impact and
Qut2a," prepared for the Hawaii Tourism Authority by JLL's Hotels & Hospitality Group, April 20, 2020.
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1050 Bishop 5t. #508 1 Honolulu, HI 96813 1 808-864-1776 1 Info@grassrootinstit e.ggrg„
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