Tourism and hospitality have become vital components of New Mexico’s economy in recent years, particularly short-term rentals. In 2023 alone, they contributed over $1.01 billion to the state’s economy, generating income for more than 17,000 New Mexican households and making up 0.53% of the state’s economy.
The New Mexico Short-Term Rental Association is proud to partner with Carl Vidal of R1 Property Management and owner of Irvie Homes LLC to present the 2023 New Mexico STR Economic Impact Study.