Elaine Glusac News Today : Breaking News, Live Updates & Top Stories | Vimarsana

In less than two decades, short-term rentals have thoroughly transformed the hospitality industry, wresting 15% market share from hotels. From a feel-good pioneer of the sharing economy to a $100bn behemoth, Airbed and Breakfast, better known as Airbnb, has revolutionized hospitality from its beginnings in 2007 creating a whole new market in the process. But what happens to a community when Airbnb comes to town? In this second article of our three-part series, we take a deep dive into the impact of STRs, in particular Airbnb, and how communities are reacting.

United statesFrance generalUnited kingdomNew yorkCindy heoDani romeroElaine glusacDavid francisDavid whitesideMiju choiNew york timesAccor hotelsHospitality business schoolA deutsche bankLeeds becket universityBusiness school