According to Grand View Research, the short-term rental market held an estimated value of US$109.76 billion in 2022. The market’s expected compound annual growth rate has been projected at 11.2 per cent from 2023 to 2030. Key drivers for demand and supply include healthy post-Covid travel recovery and trends such as staycations.
While short-term renting has existed for decades, it is still relatively new to Kiwis. Property owners would not be alone
