Short-term rental innovators like HomeAway, Airbnb, and Flipkey are transforming the way millions around the globe travel with innovative platforms that plug travelers into local economies.
Short-term rentals have been available to American travelers for decades, but have seen a recent explosion in popularity as technology helps make them more accessible and affordable.
In 2013, PhoCusWright found that 14% of U.S. travelers booked a stay at a short-term rental for at least one of their trips during the year. As short-term rentals grow in popularity, the positive economic impact to local communities is becoming clear. Today, on average, short-term rental guests spend 5 nights exploring short-term rental communities, while a typical hotel guest only spends less than 3 nights.
The short-term rental industry is a robust net generator of economic activity in small communities and large across the nation.
When someone stays in a short-term rental, they stop by the local grocery store; they spend more time exploring local parks, they frequent local cafes and shops.
Simply put, while staying local, short-term renters live like a local.
Learn more about smart short-term rental regulations and how you can get involved by visiting the Short Term Rental Advocacy Center (STRAC). The Center is the resource for all short-term rental hosts, homeowners, and managers looking to engage with their local policy makers on short-term rental legislation.