A shortage of luxury residential rental listings in New Zealand is resulting in high-end rental agents turning away around half of all high-net-worth overseas visitors seeking premium accommodation. He cautioned that without a broader pool of available luxury rentals, both the tenants and their associated spending would migrate to other destinations. Owner misconceptions and market expectationsStay Luxe maintains that luxury rentals can provide two to three times the income of a long-term lease. He said, "A lot of homeowners think short-term luxury rentals mean parties or high risk. He urged both property owners and policymakers to recognise luxury rentals as a strategic part of tourism and investment attraction.