Tourism Gentrification in the United States: How Short Term Rentals Impact American Cities
Airbnb has undoubtedly disrupted the hospitality industry, inspiring an ecosystem of companies leveraging the sharing economy such as co-living startups. While these companies have achieved impressive financial success, they have been purported to produce problematic effects at the scale of the city. Airbnb, in particular, is alleged to have driven an increase in rental prices in cities already grappling with housing affordability challenges. Much like the case of Uber's impact on urban mobility, Airbnb's rapid growth has caused significant challenges for local governments, demanding comprehensive regulation and a re-evaluation of its functioning at the city scale.
Pendry Manhattan West / Skidmore, Owings & Merrill. Image © Dave Burk
Airbnb has undoubtedly disrupted the hospitality industry, inspiring an ecosystem of companies leveraging the sharing economy such as co-living startups. While these companies have achieved impressive financial success, they have been purported to produce problematic effects at the scale of the city. Airbnb, in particular, is alleged to have driven an increase in rental prices in cities already grappling with housing affordability challenges. Much like the case of Uber's impact on urban mobility, Airbnb's rapid growth has caused significant challenges for local governments, demanding comprehensive regulation and a re-evaluation of its functioning at the city scale.
