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Statewide, all hotel occupancies are levied a 6% tax. This tax applies to only 94% of gross receipts. In the city of Chicago, three other taxes apply. The first funds the Illinois Sports Facilities Authority at a rate of 2% on 98% of gross receipts. The second funds the Metropolitan Pier and Exposition Authority at a rate of 2.5% on all gross ...
Short-term rentals are banned in certain parts of the city. [110] Barcelona: Vacation apartments are subject to the highest rate of property tax; platforms must share data with regulators. [111] [112] [113] Berlin: Short-term rentals require permission from authorities. Hosts can rent individual rooms with the condition that they live in most ...
Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels . "Short stay" rentals are an offshoot of the corporate housing market, [ 2 ] and are also offered by private owners and investors via online platforms such as Airbnb .
(The Center Square) – Wirepoints President Ted Dabrowski is sounding the alarm about Chicago’s still dwindling downtown office occupancy rates after 2025 kicked off with record-high vacancies ...
City-Data is an Illinois-based social networking and information website that presents data and information pertaining to United States cities, and offers public online forums for discussion. Data on site
A hostel is a form of low-cost, short-term shared sociable lodging where guests can rent a bed, usually a bunk bed in a dormitory sleeping 4–20 people, [1] with shared use of a lounge and usually a kitchen. [2] Rooms can be mixed or single-sex and have private or shared bathrooms. Private rooms may also be available.
CouchSurfing is a hospitality exchange service by which users can request free short-term homestays or interact with other people who are interested in travel.It is accessible via a website and mobile app.
STR, Inc. is a subsidiary of CoStar Group that provides market data on the hotel industry worldwide, including supply and demand and market share data. The company has a corporate headquarters in Hendersonville, Tennessee, an international headquarters in London, England and offices in Italy, Dubai, Brazil, Singapore, Tokyo, Jakarta, Sydney, and Beijing.