News

8 Myths About Short-Term Rentals

8 Myths About Short-Term RentalsMyth 1: the short-term rental industry is not that big

 

Globally, the short-term rental supply listed on major Online Travel Agencies grew 33% from 2017 to 2018 to reach a total of 7.1Mn properties. [The above] chart shows the relevance of the short-term rental inventory in the largest 20 short-term rental countries worldwide." 

 

Myth 2: the short-term rental industry is not relevant compared to the hotel industry

 

In this chart we compared the number of hotel rooms with the number of short-term rental bedrooms. Countries like France, Italy and Croatia have more short-term rental supply than hotel supply. In the United States, almost 1 in every 3 bedrooms available for travellers is in a short-term rental.

 

Myth 3: short-term rentals are mostly beach houses and countryside properties

 

Traditional houses and villas still account for a large part of the total global short-term rental supply, but contrary to most expectations, short-term rentals are predominantly apartments. Read more...

 

This article first appeared on SeeTransparent.com.

Tags: News