Memphis short-term rental market on track with U.S. data
While the Airbnb market has seen occupancy rates decline over the past year, listings and bookings are increasing. Related story:
There are 12 article(s) tagged Airbnb:
While the Airbnb market has seen occupancy rates decline over the past year, listings and bookings are increasing. Related story:
“I think the three sleeping rooms is ridiculous,” said Morgan Pettigrew, owner of Pettigrew Adventures. “The county thinks putting a three-sleeping room limit on the house is going to somehow stop the party.”Related story:
The Arlington Planning Commission endorses restrictions on several businesses, such as the location of gas stations and convenience stores, sending the recommendations to the Board of Mayor and Aldermen.
The new owners of Young Avenue Sound have renovated the building and kept the recording studios, but they’ve also added Airbnbs.
The new rules for gas stations are in the first of two City Council measures that include a downzoning of 20 areas of the city to limit the spread of auto-related businesses.
This is usually a good time of year for Memphis Airbnb hosts to be booked for months, but they are losings thousands of dollars in income until travel resumes.
The Downtown Memphis Commission staff particularly liked that the three ground-floor retail bays are virtually ready now for tenants.
A New York developer plans to convert one of the South Main District's brick, two-story buildings into 18 short-term rental apartments and three ground-floor retail bays.
Robert Durbin is building a second, two-story house he designed and dedicates for Airbnb guests.
Airbnb said Shelby County hosts in 2018 served 51 percent more guests and took in 53 percent more in revenues.
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