How can local governments manage the increase of short-term rentals? The short term rental industry is expected to experience substantial growth in the near future. This is largely due to the increasing popularity of short term rentals as a viable alternative to traditional hotels, particularly among millennials and Gen Z travelers. The COVID-19 pandemic has also accelerated this trend, as people are now seeking out more private and isolated accommodation options. Furthermore, the rise of online rental platforms such as Airbnb and Vrbo has made it easier than ever for individuals to rent out their homes or spare rooms to travelers. As a result, industry analysts predict…
