Short-term rental (STR) growth accelerated dramatically across the United States as the COVID-19 pandemic shifted consumer behaviors, thus increasing their market demand. A new report from the Kem C. Gardner Policy Institute at the University of Utah summarizes the recent trends in the growth of STRs across Utah. The purpose of the report is to provide state and local leaders with an account of the size of the STR market and how it relates to the total housing supply.
“The number of short-term rentals in Utah steadily increased over the past decade as Airbnb, Booking.com and VRBO platforms became popular,” said Dejan Eskic, senior research fellow at the Gardner Institute. “Overall, STRs account for approximately 1.9 percent of our housing stock in 2023. However, while this number seems relatively low, the rise of short-term rentals in Utah disproportionately impacts the Please log in to see the rest of this story.
