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The website soon became popular with homeowners that wanted to list their properties for short term rental. [ 2 ] [ 3 ] By 2006, VRBO had over 65,000 rental listings [ 4 ] and was adding 100 new listings per day.
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.
In 2003, Rich Barton resigned as CEO and was replaced by Erik Blachford. [9]In December 2004, Dara Khosrowshahi was announced as CEO. [10]In March 2017, Chelsea Clinton was named to the board of directors of Expedia, with compensation of $45,000 a year in cash, plus $250,000 a year in stock vesting over three years.
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 .
All land owners and long-term lease holders did receive compensation. However, roughly only 20% of those living in Seneca Village owned land. [67] [40] As part of the tax assessment, owners were offered an average of $700 for their property. [64] [68] These financial settlements were not without contention. For instance, Andrew Williams was ...
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