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Key takeaways from Short-Term Rentals: The Next Evolving Asset Class
Reading Time: 2 minutesWorldwide: Real estate company Cushman & Wakefield has published its latest report, entitled “Short-Term Rentals: The Next Evolving Asset Class”. The report details how the multifamily sector, including student and senior housing, co-living and micro units are attracting major interest from investors due to the emergence of home-sharing platforms in the overall hospitality sector. The […]
Anger at short-term rental conversion in California
Reading Time: 2 minutesCalifornia: Long-term rentals are being converted into short-term rentals rather than providing housing for long-term renters for which the building is zoned in Venice, California. Previously, more than 58 apartments in the Ellison Building in Venice were specifically aimed at accommodating the long-term rental segment but now just ten tenants remain in the building with […]
Serviced Apartment Awards rental category shortlist revealed
Reading Time: < 1 minuteUK: The shortlisted entries for a short-term rental category at the 2019 Serviced Apartment Awards, organised by International Hospitality Media (IHM), have been announced in advance of the awards ceremony on March 14th in London. The award for “Best Short-Term Rental Platform / Operator” includes six shortlisted companies: Air Agents, BridgeStreet, Maison Privee, The Plum […]
TripAdvisor starts collecting TDTs on rentals
Reading Time: < 1 minuteOrlando: Orange County has announced it has entered into a voluntary collection agreement (VCA) with TripAdvisor and its affiliates to collect tourist development taxes (TDTs) on short-term rentals. The announcement, made by Orange County comptroller Phil Diamond, saw the agreement come into effect at the start of the year. As a result, TripAdvisor will be […]
Short-term rental bed tax to be applied in Niagara Falls
Reading Time: 2 minutesNiagara Falls: A bed tax, also known as an occupancy tax that is added to hotel rooms, is set to apply to short-term rentals soon in Niagara Falls. Niagara Falls City Council Members has just passed a resolution to implement the tax and city leaders expect the state to approve it during the upcoming legislative […]
Short Stay Show 2019
Reading Time: < 1 minute• March 14 • ExCeL London • Website The Short Stay Show comes to ExCeL London on 14 March as the only show dedicated to the fastest growing trend in hospitality, property and technology. Powered by the STAA, the Show is the hottest ticket for the burgeoning short term accommodation ecosystem across the UK.
Spotahome and Hostmaker unite to help London landlords offer longer-term rentals
Reading Time: 2 minutesUK: Hybrid letting agent Spotahome and Airbnb management service Hostmaker have reportedly agreed a deal to help London landlords bypass the city’s maximum short-term rental laws. Airbnb now enforces a 90-night limit after councils in London introduced the restriction in late 2016. To help make renting their properties out on Airbnb viable, Spanish property tech […]
Indian startup OYO prepares to launch OYO Homes in Dubai
Reading Time: 2 minutesIndia: Indian hospitality startup OYO will launch OYO Homes in Dubai, which will offer apartments on a short-term rental basis. The UAE is the first international market in which the OYO Homes platform will be launched, and customers will be able to check into apartments on a daily, weekly or monthly basis. Manu Midha, Middle […]
Airbnbs in Ireland up by 20 per cent ahead of June rental crackdown
Reading Time: < 1 minuteIreland: The number of homes in the Republic of Ireland being advertised as short-term rentals on Airbnb has risen by more than 1,000 in the last year. Homeowners in the Republic appear to be trying to cash in before a summer crackdown on short-term lettings is implemented in the country. Latest figures show that 5,855 […]
Short-term rental ordinance comes into effect in the city of Boston
Reading Time: 2 minutesUnited States: People renting out their homes on platforms such as Airbnb or HomeAway in the city of Boston will now have to register with city authorities. This coincides with news that a new ordinance to regulate short-term housing rentals in Boston went into effect on 1 January. In addition to the registration requirement, the […]