Other places have cracked down and capped the number of permits, pacifying concerned citizens and preserving the profits of existing Airbnb owners. Some cities have allowed vacation-rental listings to multiply virtually unchecked, setting the stage for an oversupply that has come back to bite investors. Rather than a collapse of the industry, the increasingly bifurcated state of the market - a bust for some, a boom for others - is a clear sign that we have hit a turning point in the long-running battle over short-term rentals. The number of nights booked at US short-term rentals reached a record high in 2022, as did total revenue, according to AirDNA, which tracks properties listed on the vacation-rental sites Airbnb and Vrbo. It often indicates a user profile.īut the hand-wringing over the idea of a downturn ignores a conflicting, but undeniable, reality: The short-term-rental business is bigger than ever, and some operators are thriving like never before. Account icon An icon in the shape of a person's head and shoulders.
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