How Short-Term Rental Properties Are Changing the Hospitality Industry
Published Date: 2023-09-06
In some cases, someone gets lucky and finds success entirely by accident. Even less frequently, something happens in the business world that changes everything. This is precisely what has happened with short-term rental properties. That doesn’t mean this industry is new because it isn’t. However, its massive popularity has changed the hospitality industry forever. Positive Impact on the Economy Short-term rental properties can create a more positive economy in any location. For instance, they offer income through tax revenue. In addition, guests in these properties benefit the area by spending money at museums, bars, restaurants, shops, and so much more. Looking at San Diego, over $86 million was spent on activities by those staying in corporate housing. Fewer Long Term Rentals Short-term rental properties are taking over and aren’t just seen in huge cities now. You can find...
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