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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...
Vacation rental company Airbnb sees a huge opportunity to grow its long-term rental business as short-term rentals are under growing scrutiny in tourist hot spots like Athens and Barcelona. The ...
Long-term rental inventory in the city proper — which was supposed to get a boost — grew just 3.4% over the year ended August 2024, a fraction of the 15.4% rate seen over the prior year ...
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 ...
Vacation rental bedroom in Liesing, Austria. A vacation rental is the renting out of a furnished apartment, house, or professionally managed resort-condominium complex on a temporary basis to tourists as an alternative to a hotel. The term vacation rental is mainly used in the US.
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 ...
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