Airbnb listings outside of major metro areas rose by nearly 50% between the second quarter of 2019 and 2022, the company said:
Even property investment companies have sunk hundreds of millions of dollars into the industry, hoping to pull a larger yield from tourists seeking their own kitchen, some privacy and a break from cookie-cutter hotel rooms.
In June, the Steamboat Springs City Council passed a ban on new short-term rentals in most of town and a ballot measure to tax the industry at 9% to fund affordable housing. Larger cities, including Denver and Boston, have stricter regulations, like banning vacation rentals in homes that aren’t also the owners’ primary residences. However, a federal appeals court in New Orleans struck down an ordinance Monday that had required residency to get a license for short-term rentals.
Susana Rivera, a 30-year Steamboat Springs resident, tried living in the nearby town of Craig as a cheaper alternative. Every morning, she would drop her youngest child off at a friend's house before driving 45 minutes to her Steamboat Springs supermarket job. While the industry’s major companies, including Airbnb and Vrbo, do not release comprehensive data publicly, figures from analytics firm AirDNA and the U.S. Census Bureau show nearly 30% of homes in Steamboat Springs are vacation rentals.
“This report underscores the integral role of short-term rentals in the Colorado tourism economy," Airbnb spokesperson Mattie Zazueta wrote in an email.
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