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There are a large number of cabins available as short term rentals in Sevierville. In 2004, Sevierville established a Tourism Development Zone (TDZ) of 3 square miles (7.8 km 2) to improve the central business district, funded by $150 million in bond sales between 2004 and 2008 (equivalent to $227 million in 2023). [71]
Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels . "Short stay" rentals are an offshoot of the corporate housing market, [ 2 ] and are also offered by private owners and investors via online platforms such as Airbnb .
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Vacation rentals can also negatively affect local communities in a number of ways. While not the major cause of limited affordable housing, vacation rentals negatively affect the long-term housing market in local communities, especially tourism communities. As more short-term rentals increase, the availability of long-term units decreases.
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Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. [2] Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. [3]
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