Tri-Cities Homeowners to Earn $75,000 During Food City 500
Travel Tech on April 13, 2018
BRISTOL – With the massive influx of race fans for NASCAR's Food City 500 this weekend, and limited hotel options in the area, short-term rentals are meeting the needs of visitors and providing significant economic benefits to the Tri-Cities region.
HomeAway and Airbnb will help the local community welcome over 500 additional guests to the region and help short-term rental owners and hosts earn an extra $75k. This data includes bookings between April 13-15 in Sullivan, Washington, Carter, Hawkins and Johnson county in Tennessee.
“Short-term rental platforms allow cities and towns in rural areas to expand lodging capacity during popular events like the Food City 500, said Matt Kiessling, Travel Tech’s Vice President of Short-Term Rental Policy. “Hundreds of NASCAR fans, who otherwise might have been out of luck or forced to make a day trip to the race, are able to stay within the local communities around Bristol because of the availability of short-term rentals. The benefits of the peer-to-peer economy are felt throughout surrounding communities as visitors spend more money at local restaurants and small businesses.”
Tri-Cities short-term rental homeowners traditionally see large spikes during the Bass Pro Shops NRA Night Race as well. HomeAway and Airbnb will plan to release data ahead of the August 2018 NASCAR race.