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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. [1]
La Maison à Dupont, a corporate apartment building in the Dupont Circle neighborhood of Washington, D.C.. Corporate housing is a term in the relocation industry that implies renting a furnished apartment, condo, or home on a temporary basis to individuals, military personnel, intern groups, or corporations as an alternative to a traditional hotel or an extended hotel stay.
The kitchens include at a minimum usually: a sink, a refrigerator (usually full size), a microwave oven, and a stovetop. Some kitchens also have dishwashers and conventional ovens. Extended stay hotels are aimed at business travelers on extended assignments, families in the midst of a relocation, and others in need of temporary housing.
The website soon became popular with homeowners that wanted to list their properties for short term rental. [2] [3] By 2006, VRBO had over 465,000 rental listings [4] and was adding 100 new listings per day. [3] VRBO originally had a subscription business model in which payment of an annual fee allowed homeowners to list their properties on the ...
[36] [37] In April 2024, the National Multifamily Housing Council, an industry trade group, announced that Greystar was the United States' largest apartment owner after adding over 10,000 units to its portfolio in 2023. [38] Greystar partners with Airbnb to allows its residents to host their homes as short-term rentals. [39]
Motel 6 is an American chain of motels with locations in the United States and Canada. The chain was founded in Santa Barbara, California, in 1962 by William W. Becker and Paul Greene, and derives its name from the fact that rooms initially cost only six dollars.
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