What started out as an experiment turned into a hotel industry disruptor worth more than Hilton and Wyndham combined, second only to Marriott.
Airbnb’s extraordinary growth came under lax regulations on short-term rentals. Areas with a big Airbnb presence have had an increase in noise complaints, issues with parking and trash and the sentiment that rents were being forced up, limiting availability of affordable rental housing. As a result, municipalities worldwide have tightened restrictions on short-term rentals.
Pebble Beach, Carmel Valley and the rest of the Monterey Peninsula homes are all minimum one-week rentals.Santa Monica City Council adopted the “Home-Sharing Ordinance,” which prohibits short-term vacation rentals. The law authorizes home-sharing, which is the rental of 30 consecutive days or less of one or more bedrooms in the home that is the primary residence of the host while the host lives on-site in the home throughout the visitors’ stay.
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