Short-term Rental Trends
How Airbnb and Short-Term Rentals Reshape Rural and Urban Communities - By Dr. Cindy Heo
In less than two decades, short-term rentals have thoroughly transformed the hospitality industry, wresting 15% market share from hotels. From a feel-good pioneer of the sharing economy to a $100bn behemoth, Airbed and Breakfast, better known as Airbnb, has revolutionized hospitality from its beginnings in 2007 - creating a whole new market in the process. But what happens to a community when Airbnb comes to town? In this article we take a deep dive into the impact of STRs, in particular Airbnb, and how communities are reacting.