2024 Short-term Rental Benchmark Report

Granicus’ “2024 STR Benchmark Report” is a comprehensive review of data and trends in the short-term rental market that affect local and state governments.

Short-Term Rentals (STRs), often found on online platforms like Airbnb and VRBO, have become a ubiquitous feature of the hospitality landscape, offering alternative lodging options for travelers and the potential to generate significant economic benefits for communities. However, their rapid growth presents challenges for local governments, from impacts on housing affordability and neighborhood character to uncollected or unreported revenue.

We know it can be difficult to determine the scope of the short-term rental market, let alone the implications for any one community, so we’ve outlined key trends and considerations for governing bodies looking to better understand this dynamic industry.