The number of short-term rental properties is growing rapidly across the United States and internationally. They will continue to have a major impact on the hospitality industry both now and in the years to come. For most of modern history, it was expected that travelers would stay at inns, bed and breakfasts, or hotels. While these types of properties will still have their importance in hospitality, the trend is shifting to rental properties thanks to websites like VRBO and Airbnb. Short-term rental properties are becoming more and more common in many towns across the United States. These towns are taking measures to plan for the surging demand of property owners looking to buy short-term rentals.
Continue reading Community Responses to the Rapid Growth of Short-Term Rental Properties →