Short-term Rental Legislation Updates
According to the Baltimore Daily Record, “Airbnb (business) continued to grow in the Maryland market last year, with around 265,000 visits bringing in more than $42 million. In 2017, the short-term rental service said it booked 151,000 stays in Maryland, totaling more than $25 million. That is likely $25 million on which little to no sales tax was paid to the State of Maryland.” To read the full article, click here.
MHLA is working on state legislation that would ensure short-term rental websites facilitate proper sales tax collection and that their operators respect applicable local rules in Maryland. More updates will be shared once this legislation is introduced.
At the local level, MHLA has also worked with the Baltimore City Council on a bill that would establish licensing and regulations on short-term rentals in the City and would impose the city’s 9.5 percent hotel tax on such rentals. Bill 18-0189 was introduced this past Monday by Councilman Eric Costello and has 10 of the 15 Councilmembers signed on as co-sponsors. MHLA President & CEO was quoted saying, “The Maryland Hotel Lodging Association supports a homeowner’s right to use Airbnb, but commercial real estate investors should not be allowed to make significant returns by buying up single- and multi-family homes and renting them year-round on sites like Airbnb without proper oversight.” To read the full Baltimore Sun article, click here.
Additional Legislative Updates
Both Governor Larry Hogan and the Legislative leadership agree that there will be relief from the Federal tax bill for Maryland Citizens. While the legislative package hasn’t been fully developed yet, MHLA will be monitoring developments. For a very thorough description of the Federal tax law’s impact on Maryland citizens, click here to see the article published by the Comptroller’s office.
The Maryland Stadium Authority is requesting an increase of $4.4M in the bonding authority for the Ocean City Convention Center rehabilitation and expansion.
The Governor’s budget includes an increase of $1M for the Maryland Tourism Development Board budget. That budget is primarily spent on tourism marketing.
A bill to delay implementation of the recently passed paid leave bill until July 1, 2018 may be passed by the General Assembly this week. If this bill does not pass, paid sick leave will take effect on February 11, 2018.
For more information on legislation MHLA is working on during the 2018 Session, members may view the latest Legislative Report posted at https://mdlodging.org/members/.
MHLA NEWS & UPDATES
December 2017 STR Report
Smith Travel Research data for Maryland shows occupancy is up slightly, ADR has increased 2.2%, and RevPAR is up 4.6% YTD through December 2017 compared to the same period last year. Maryland data is provided monthly to MHLA by Smith Travel Research. Members may view the full report online. Go to https://mdlodging.org/members/ and select “Industry Statistics and Research.” (Member log-in required.)
Welcome New Hotel Member Properties
- Fairfield Inn & Suites Germantown/Gaithersburg
- Homewood Suites by Hilton Washington DC North/Gaithersburg
- Hampton Inn & Suites Washington DC North/Gaithersburg
- Residence Inn National Harbor
INDUSTRY NEWS & INFORMATION
Four Seasons tops the list of luxury hotels in Baltimore in new ranking
Source: Baltimore Business Journal
Baltimore’s Four Season Hotel ranks among the top 10 percent of luxury lodgings in the United States, according to a new list from U.S. News & World Report. READ MORE
Two new Maryland hotels earn AAA’s four diamonds
Source: The Baltimore Sun
The Ivy Hotel in Baltimore and MGM National Harbor Hotel earned AAA’s Four Diamond Rating, joining seven other Maryland hotels to earn AAA’s second highest rating. Others in Baltimore include the Four Seasons Hotel in Harbor East, Kimpton Hotel Monaco downtown and the Royal Sonesta Harbor Court. Elsewhere, there are the Hyatt Regency Chesapeake Bay Golf Resort, Spa & Marina in Cambridge, Rocky Gap Casino Resort in Cumberland, Gaylord National Resort & Conference Center at National Harbor, and the Hilton Ocean City Oceanfront Suites. READ MORE