Airbnb Is Changing City Life

Airbnb is bringing tourists into neighborhoods they've never been before, and is changing neighborhoods across the country.

New streams of revenue brought in by tourists can help revitalize poorer neighborhoods, but an influx of tourists can also push rents and retail prices higher and ultimately price out locals, MarketWatch reports.

Researches at Yale and the Institute for the Future agree that while travel platforms are massively positive for the development of tourism, cities need to think of ways to prevent gentrification and preserve their character. [MarketWatch]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Real Estate's Bottom Rung Is Getting Harder To Reach — And Now It Wants AI Skills

OpenAI Plans Data Center Rebrand To Make Projects Palatable To Voters

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

Brookfield, CPP Complete $5.2B REIT Buyout, Pick Up U.S. Logistics Assets

Metropolis Is Bringing AI To The Parking Experience, And Property Owners Are Taking Notice

What's At Stake For CRE In Tuesday's U.S. Midterm

The Data Center Election That Matters Isn't In Congress

TPG, ACORE Raise Billions For Opportunistic CRE Funds

Newmark Cuts Earnings Outlook Despite Record Third Quarter

Battered Mortgage REIT Suspends Dividend To Preserve Cash

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market