- Short-term rentals like Airbnb have grown exponentially in the past few years, with global sales projected to reach $132.5 billion by 2022.
- This growth has led to clashes between destinations and booking platforms about how best to regulate short-term rentals.
- Last week, travel research company Skift held its first-ever Short-Term Rental Summit, where industry leaders gathered to discuss the impact, future, and regulation of these rentals.
- The CEO of short-term rental analytics platform AirDNA, Scott Shatford, said that despite tensions, there are three major benefits to short-term rentals: They normalize prices during large events, distribute tourism spending, and read more >>>
Source : BusinessInsider.Com