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- Deloitte report points to increased STR demand amid LA28
Deloitte report points to increased STR demand amid LA28
Summary
A Deloitte report suggests a lodging shortfall of up to 320,000 visitors during the 2028 Los Angeles Olympics. Doubling current short-term rental capacity in LA and Orange County could fill 88% of this gap, adding 282,000 tourists and injecting nearly $500 million into the local economy. The report emphasizes regulatory easing as a lower-cost alternative to new construction.
More from Regulations & Compliance
Carson City, Nevada, is refining its short-term rental regulations. City supervisors are currently reviewing and modifying the local ordinance during a retreat. This review aims to address operational aspects, potentially impacting local hosts through new or revised rules, emphasizing compliance.
A 21-unit vacation rental in Dunedin, Florida, has been approved, signaling potential growth in the local short-term rental market. This approval could lead to increased accommodation options for tourists visiting the area. This news could also influence local regulations.
St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
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