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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 .
FlipKey was founded in 2007 as a house-swapping and vacation rental listing website. [7] [8] The company was acquired by travel website, TripAdvisor, in 2008.[9] [10] That year FlipKey was included in Travel and Leisure's list of top travel websites.
Rome: Short-term rental sites are required to withhold a 21% rental income tax. [21] Venice: Hosts must collect and remit tourist taxes. [22] [23] Vienna: Short-term rentals are banned in specific "residential zones" within the city, with the exemption of apartments used primarily for the host's own residential needs. [24]
The town started to address short-term rentals in 2023 with an ordinance requiring renters to buy a $250 short-term rental permit and have business licenses to operate.
The ordinance would regulate short-term rentals in York for the first time despite their existence in the town for the last century.
Here’s why some experts believe in the long-term approach over short-term rental platforms. For the full picture, find out some reasons Airbnbs can be better than long-term rentals.