On Thursday the 31st October 2024, a bill was published in the Gibraltar Gazette to propose an Act to amend the Register of Property Occupation Act 2021 (the “Bill”). Following on from the Chief Minister’s budget speech, HMGoG has proposed amendments to the Register of Property Occupation Act 2021 to regulate short-term rentals, particularly those offered via platforms like Airbnb. This move aims to balance the growth of short-term rentals with fair competition for hotels while ensuring property safety and quality standards.

Why does this matter?

This move reflects a growing need to manage the rapid growth of short-term rentals, balancing economic benefits with consumer protection. By setting clear guidelines, the government hopes to maintain property standards while addressing the competitive dynamics between rental platforms and traditional accommodations.

What’s in the Bill?

• Mandatory Registration: All short-term rentals must be registered, inspected, and pay a registration fee.
• Clear Definition: Rentals are defined as stays of up to 30 days for tourism or business where the property is not the primary residence.
• Compliance and Returns: Hosts are required to submit annual returns, disclosing guest numbers, stay durations, and revenue. Fines may apply for non-compliance or inaccurate reporting.
• Sustainable Tourist Fee: A fee will be levied on short-term rentals under the Licensing and Fees Act to promote sustainable tourism.

What now?

We’re inviting all businesses operating within sectors affected by this bill to share their thoughts on the new legislation’s potential impact. Members can do this via the new GFSB community feature in Glue Up or by email at tourism@gfsb.gi.