by Steve Adams | Sep 22, 2024
Nantucket’s thriving short-term rental industry offers benefits in a major source of local tax revenues and income for homeowners, but has attracted blowback in recent years for absentee investors’ role in the residential real estate market.
by Steve Adams | Sep 18, 2024
In the latest skirmish over the future of vacation rentals on Nantucket, voters rejected four new proposals designed to regulate the market.
by Steve Adams | Jun 23, 2024
Short-term vacation rentals are a lucrative business in Nantucket and an important share of taxes for the town budget. But a court ruling has thrown the future of these vacation properties in doubt.
by State House News Service | Apr 26, 2023
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.
by The Associated Press | Aug 17, 2022
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.
by Steve Adams | Jul 12, 2022
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.
by Banker & Tradesman | May 29, 2022
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.
by Steve Adams | Apr 3, 2022
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.
by Steve Adams | Oct 3, 2021
Complaints about short-term rentals are resurfacing in Boston as the off-campus housing market and business travel recover from COVID downturns.
by Banker & Tradesman | Jun 16, 2021
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.
by Banker & Tradesman | Jun 7, 2021
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.
by State House News Service | May 24, 2021
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.
by Banker & Tradesman | Sep 13, 2020
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.
by The Associated Press | Aug 20, 2020
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.
by State House News Service | Jul 24, 2020
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.
by Heather Beasley Doyle | Jul 5, 2020
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.
by State House News Service | Jun 12, 2020
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.
by Jay Fitzgerald | May 24, 2020
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.
by Steve Adams | Feb 16, 2020
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.
by State House News Service | Dec 5, 2019
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.