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Chamber: Cape Cod tourism still large but short‑term rentals, workforce and insurance are growing risks
Summary
Paul Nitswicky, CEO of the Cape Cod Chamber of Commerce, told commissioners the region’s travel-and-tourism economy remains large and resilient but faces pressure from short‑term rentals, changing visitor patterns, workforce visas and the rising risk of homeowners losing insurance coverage.
Paul Nitswicky, CEO of the Cape Cod Chamber of Commerce, told the board on July 23 that the Cape’s economy remains dominated by travel and tourism but is evolving in ways that could affect municipalities and regional planning. "The Cape is still primarily travel and tourism economy," Nitswicky said, and he cited 2023 visitor spending of about $2.7 billion, more than 14,000 jobs directly supported and nearly a quarter‑billion dollars in tax revenue. Nitswicky highlighted several trends: a rapid expansion of short‑term rentals (he said there are about…
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