The U.S. market might be seeing a pullback, but Europe continues to lure budget-conscious travelers to under-explored destinations with a booming hospitality sector.
Here are estimates on total residential short-term rental tax revenue for counties in the U.S. with major short-term rental markets, including estimates on collectable residential short-term rental taxes.
Miami's short-term rental market is experiencing a decline due to factors such as a slowdown in post-Covid vacation demand, government hostility towards the LGBTQ community, and travelers' financial constraints caused by inflation.
Airbnb’s focus on domestic and self-catering travelers positions it well in an unfavorable macro environment with increased demand for vacation rentals.