Short term rentals tips

Good morning from Skift. It’s Thursday, October 26. Here’s what you need to know about the business of travel today.

South Africa’s ministry of tourism and Airbnb have announced a partnership to regulate the country’s short-term rental industry.

Last year, Skift debuted its Future of Lodging Forum in New York City – focused on what Skift has called The Great Merging of how we live, work, and travel. This year, we are bringing this event and a wide cross-section of hospitality leaders together in London on March 29th, 2023.

Due to an increase in demand in the short-term rental sector, Skift is back with our Skift Short-Term Rental Summit on June 7 in New York City. Building upon Skift’s comprehensive coverage of short-term rentals, this summit will focus on the forefront of the impact of technology, platforms, and professionalization on both the urban and traditional vacation rental category.

The short-term rental sector continues to grow at a rapid pace. In 2019 the sectot was expected to reach a 14% increase in global market share by 2026. Instead, the sector broke that figure in 2021, five years ahead of schedule. Now, Skift Research estimates that short-term rentals currently represent 14.2% of the $908 billion global market for accommodation.