Short-term rentals (STRs), commonly referred to as "AirBNBs" in Saipan, Northern Mariana Islands, are experiencing growth yet operate in a largely unregulated environment. While they are legal, there is currently significant discussion regarding the need for formal regulations that would require operators to comply with licensing and tax obligations. Most AirBNB properties are found in residential areas, including urban apartments and village settings, appealing primarily to tourists who seek more economical options than traditional hotels. The market environment is predominantly tourist-focused, with rentals seeing heightened demand during peak travel seasons and events, but they also attract some business travelers. The CNMI Department of Finance has been tasked with enforcing any regulations related to STRs, particularly concerning the hotel occupancy tax, which is set at 15% for such accommodations. Ongoing efforts are being made to identify and regulate STRs to ensure compliance with local laws and to address community concerns, including parking issues caused by increased tourist traffic. For more information, visit the official site: CNMI Government.
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