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Originally called Vacation Rentals by Owner, Vrbo was launched in 1995 and is owned by Expedia Group. Airbnb came along in 2007. Vacationers often use Airbnb and Vrbo for travel accommodations ...
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 .
On November 4, 2015, Expedia Group announced it would acquire HomeAway, including VRBO, for $3.9 billion. The transaction closed in the first quarter of 2016. [7] [8] In March 2019, VRBO was re-branded Vrbo, including a new logo, capitalization, and pronunciation. [9] [1] In May 2019, the HomeAway and Vrbo websites were both rebranded as Vrbo ...
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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Sonder Holdings Inc. manages short-term rentals, such as apartment hotels, in North America, Europe, and Dubai. [2] [3] It was founded in Montreal, Canada in 2014 and since 2016 has been based in San Francisco, California.
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