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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 .
Indeed, the year-over-year growth in supply of short-term rentals has exceeded 15% in every quarter from the first quarter of 2022 through the second quarter of 2023, compared with below 5% growth ...
Short-term rentals allowed landlords to charge in dollars and replace tenants every few months, dodging the rent control regime. ... "Those looking to rent also benefit from being able to choose ...
AirDNA researchers estimate that short-term rentals were responsible for only 1% to 4% of the increase in housing prices in recent years. Putting more STRs back onto the market won’t move the ...
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 ...
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.
Aside from that benefit, its success hinges on applications such as AI. ... Furthermore, the supply of short-term rentals continues to outpace demand, which negatively affects pricing and, by ...
Sonder Holdings Inc. manages short-term rentals, such as apartment hotels, in North America, Europe, and Dubai. [2] [3] It was founded in Montreal, Canada in 2014 and since 2016 has been based in San Francisco, California. [4] [5] Sonder manages over 9,000 units in over 40 cities in 10 countries and has served over 1 million guests. [6]
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