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It was reported that short-term listings on Airbnb generated $85 million in net revenue in New York City alone in 2022. Then, in 2023, the city cracked down on short-term rentals on Airbnb, causing...
It may be too soon to accurately gauge the impact on rents in New York, but in Irvine, Calif., south of Los Angeles, a 2018 ban on short-term rentals contributed to rents falling, according to a ...
Travelers frequently use Airbnb or Vrbo — two of the most popular vacation rental websites — to book short-term vacation rentals. Deciding which of these options to use for booking a place to ...
Airbnb, Inc. (/ ˌ ɛər ˌ b iː ɛ n ˈ b iː / AIR-BEE-en-BEE, an abbreviation of its original name, "Air Bed and Breakfast" [5]) is an American company operating an online marketplace for short-and-long-term homestays and experiences in various countries and regions.
Vacation rentals can also negatively affect local communities in a number of ways. While not the major cause of limited affordable housing, vacation rentals negatively affect the long-term housing market in local communities, especially tourism communities. As more short-term rentals increase, the availability of long-term units decreases.
Short-term rentals can pose a policy challenge to local lawmakers, who have to find a way to mitigate the problems that they cause for permanent residents. For example, in Santa Cruz, California, local supervisors have discussed parking restrictions in the areas where there are many short-term rentals, in order to discourage people from staying ...
Airbnb will highlight rental listings that have received top scores from guests, information that the company’s CEO says will help bring hotel-like reliability to booking a house or room on the ...
FlipKey was founded in 2007 as a house-swapping and vacation rental listing website. [7] [8] The company was acquired by travel website, TripAdvisor, in 2008.[9] [10] That year FlipKey was included in Travel and Leisure's list of top travel websites.
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