Hawaiʻi’s inventory of vacation rental units increased 35 percent to 23,000 from 2015 to 2017, according to a report by the Hawaiʻi Appleseed Center for Law & Economic Justice.

The report claims that Hawaiʻi’s vacation rental industry is putting pressure on available housing stock in the islands and driving up rents.

“A sharp increase in VRU inventory, driven by the strong economic returns VRUs generate, undoubtedly affects our local housing market,” the report reads. “Maui, the island with the largest number of VRUs in the state, is particularly impacted.”

Up to 93 percent of the vacation rental units are for entire homes, according to the study, with one out of every 24 housing units in the state classified as a vacation rental unit.