Short-term rentals (STRs) create an opportunity for homeowners to supplement their current income, and stimulate business growth in neighborhoods previously untouched by tourism.
STRs also offer more affordable and flexible options for guests, create new demand for tourism and travel, and bring tens of millions of dollars to local communities. This adds to the vibrancy of local communities beyond the typical tourism districts. New visitors to these neighborhoods bring unprecedented economic stimulus. This means more customers for main street shops and locally owned businesses that tourists wouldn’t normally have the opportunity to visit.
of Airbnb home owners say that hosting helped them stay in their home.1
of VRBO home owners use or plan to the use the income they received from the rental of their property to pay for their child’s education.2