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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. [1]
La Maison à Dupont, a corporate apartment building in the Dupont Circle neighborhood of Washington, D.C.. Corporate housing is a term in the relocation industry that implies renting a furnished apartment, condo, or home on a temporary basis to individuals, military personnel, intern groups, or corporations as an alternative to a traditional hotel or an extended hotel stay.
A timeshare can still be made available as a vacation rental should an owner decide to put his owned week(s) on a vacation rental program. Also, a large segment of the 21% of unsold and therefore still resort-controlled inventory is made available as vacation rentals. In 2014, this was a $1.9 billion business. [2]
In 2019, Vacasa acquired Wyndham Vacation Rentals from Wyndham Destinations for $162 million. [13] [24] Vacasa has also partnered with Google to integrate available rental properties into search results for traveling and lodging. [25] It is the first vacation rental management company to do so. [26]
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A 23-year-old hiker who survived 13 days lost in the Australian wilderness after stumbling on two granola bars has thanked his rescuers for enduring “tough conditions” to find him.
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