It's been said that the vacation rental industry is a bubble or a fad. And, conversely, that the rapid adoption of vacation rentals as a travel option is going to drive the hotel industry out of business and completely upend the travel industry. The truth lies somewhere in the middle. Vacation rentals aren't a passing fad, but they aren't going to replace the hotel industry anytime soon either. Local governments and regulatory bodies are coming to this realization on a state, city and even a neighborhood homeowners association level - and they are taking action. Montana recently announced a lodging sales tax increase. Portland, Oregon, has begun issuing fines for unregistered vacation rental properties. And so has Vail, Colorado. Massachusetts has implemented a statewide vacation rental registry, with the aim of regulating Airbnb and other vacation rental platforms.
展开▼
