A Stormy Season for Short-Term Rentals on Nantucket
The fate of short-term rentals on the small, wealthy island of Nantucket is, for now, treading water.
Nantucket Can’t Find Consensus on STRs
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.
Nantucket Rejects New Short-Term Rental Limits
In the latest skirmish over the future of vacation rentals on Nantucket, voters rejected four new proposals designed to regulate the market.
Last Call for Nantucket Short-Term Rentals?
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.
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.
Airbnb to Roll Out New Screening Tools to Stop Parties
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.
Short-Term Rentals Decline 16 Percent in Boston
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.
After Historic Renovation, Cambridge Hotel Weathers COVID Storm
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.
Short-Term Rental Battle Returns to Nantucket
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.
Opponents Warn of Loophole as Short-Term Stays Rebound
Complaints about short-term rentals are resurfacing in Boston as the off-campus housing market and business travel recover from COVID downturns.
Airbnb Pledges to Ban Listings at Eviction Properties
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.
Report: Nantucket Rejects Short-Term Rental Limits
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-Goers Urged to Bring Masks, Just in Case
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.
How Airbnb Got its IPO Plans Back on Track
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 Files Preliminary IPO Paperwork
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.
Baker Orders Fines for Travelers Who Don’t Quarantine
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.
‘Voracious’ Vacationers Poised to Consume Cape Rentals
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.
Fog Clearing, Some Sun in Cape’s Summer Biz Outlook
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.
Cape Cod Faces ‘Muted Summer’
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.
Hospitals Face Short-Term Housing Crunch
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.
