WASHINGTON, September 25, 2018 – A newly proposed ordinance would decimate DC’s robust short-term rental market, depriving home-owners of their property rights and hurting neighborhood restaurants and small businesses that benefit from short-term rentals in the District.
The proposed restrictions on short-term rentals, to be released later today, are accompanied by a half-million-dollar ad campaign funded by the big hotel chains – who want to eliminate competition from short-term rentals. LaSalle Hotel Properties’s CEO told investors that a law curtailing short-term rental services would allow hotels to boost their room rates.
“Washington DC already gives millions in tax breaks to big hotels, and Council should not give hotels another handout by curtailing the property rights of District home owners,” said Carl Szabo, General Counsel of NetChoice.
Short-term rentals provide much-needed income to hundreds of DC residents. Over 52 percent of short-term rental hosts nationwide live in low-to-moderate income households. And almost half of the income hosts earn through short-term rentals helps them cover household expenses. Moreover, there are hundreds of local restaurants, shops, and cleaning services that benefit from the activity of short-term rentals.
“This legislation has been marred by misinformation and process problems and should not be rammed through in the closing days of this year’s final Council session. This issue deserves a robust public discussion and economic impact analysis,” continued Szabo.
“This bill will harm thousands of DC residents who rely on short-term rentals, not just home owners, but small businesses that benefit from the economic boost created by short term renting.”
NetChoice is a trade association of eCommerce businesses who share the goal of promoting convenience, choice, and commerce on the net.
“It’s inconceivable that ICANN can be accountable to the whole world. That’s the equivalent of being accountable to no one,” said Steve DelBianco, executive director of NetChoice, a trade group representing major Internet commerce businesses.
Sen. Mark Warner (D-Va.) recently laid out his plan to “solve” modern day tech issues. But despite his good intentions, he has proposed policies that would break down our greatest economic engine – the tech industry.
The 20-page white paper call “Potential Policy Proposals for Regulation of Social Media and Technology Firms” represents noble ideas that would result in knee-capping American innovation, promoting increased market consolidation, and undermining privacy – all while leaving the problems the paper seeks to solve unaddressed.
The highlight of the day was the closing panel, which addressed the topic titled “Should the U.S. Opt In to Europe’s Privacy Regime?” moderated by Steve DelBianco, President of NetChoice, a trade association of e-commerce businesses and online consumers, all of whom share the goal of promoting convenience, choice, and commerce on the Internet. The debate featured many of the questions that INTA members face as they find ways to increase their brand value and customer experience across a variety of media.
This episode is a preview of the Internet Governance Forum USA 2018. IGF USA will take place on July 27, 2018 at the Center for Strategic and International Studies located at 1616 Rhode Island Ave NW, Washington, DC 20036. Ashkhen is joined by Shane Tews, President of Logan Circle Strategies, visiting fellow at the American Enterprise Institute and Steve DelBianco, President and CEO of NetChoice. To find out more visit the Forum’s website and Wiki. You can register for IGF here.