Zoning Change Could Upend Nantucket Rental Market
The measure would require short-term rental properties in residential districts to provide “long-term residential use more than short-term rental use,” unless they are owner-occupied.
The measure would require short-term rental properties in residential districts to provide “long-term residential use more than short-term rental use,” unless they are owner-occupied.
Airbnb says it will use new methods to spot and block people who try to use the short-term rental service to throw a party.
Properties offered for short-term rentals in Boston declined 16 percent in the past year, with Dorchester, downtown and Jamaica Plain accounting for over a third of the overall inventory.
Patrick Barrett had a vision in 2017. Seeing the revitalization that was taking place in Central Square, he and his partners wanted to transform their tired but historic property into a boutique hotel. Then COVID hit.
Two dueling visions of how the island’s long tradition of vacation rentals should respond to high housing costs and quality-of-life issues will go head to head on May 2.
Complaints about short-term rentals are resurfacing in Boston as the off-campus housing market and business travel recover from COVID downturns.
Vacation rentals site Airbnb announced that it won’t allow hosts to list units for rent where municipal officials say an eviction has occurred once the federal eviction moratorium ends in two weeks.
Nantucket voters shot down proposals to strictly limit short-term rentals on the island by wide margins at this weekend’s Town Meeting according to local media reports.
Cape Cod officials are enthusiastic that summer travel season will now unfold with most COVID-19 restrictions lifted by Memorial Day weekend, but they urged vacationers to be patient and pack their masks as business operators face “lots of questions” transitioning out of the crisis.
It’s been a rollercoaster year for Airbnb and its much-anticipated plans for an initial public offering or IPO. The home sharing platform had planned to file back in March to go public but then coronavirus hit and its revenue nose-dived.
Airbnb filed preliminary paperwork to sell company stock on Wall Street, undaunted by a global pandemic that has taken some wind out of its short-term rental business.
Massachusetts will impose new restrictions on travelers from most of the United States next week, threatening fines of $500 per day for those who do not quarantine or prove they tested negative for COVID-19.
Cape Cod’s short-term rental brokers have suddenly found themselves grappling with a flood of business mere weeks after the coronavirus demolished demand for seaside vacations.
Cape Cod leaders have observed encouraging signs of revival underway in the hospitality sector as the gradual economic reopening process continues, though they noted during a Thursday conference call that nearly half of businesses surveyed still expect to earn less revenue than last year.
As a result of the coronavirus crisis, the Cape hospitality industry is now looking at possibly the greatest year-over-year plunge in business in recent memory, as state social-distancing restrictions put a damper on business.
Ever-rising hotel and apartment rates are challenging Boston hospitals to rethink how they provide temporary housing for patients and their families for both short- and long-term stays.
Almost a year after Massachusetts passed a law taxing and regulating short-term vacation rentals, the state’s revenue commissioner said Wednesday that the new tax is “settling in pretty well” after education and outreach efforts.
The city of Boston’s attempts to track and regulate the short-term rental industry in the city appear to be ready for take-off following a settlement between it and vacation rentals giant Airbnb.
The new tax on short-term rentals in Massachusetts kicked in on Monday, part of a 2018 law regulating lodging offered through platforms like Airbnb.
Airbnb is appealing a judge’s ruling on Boston’s new ordinance regulating short-term rentals.