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The ordinance restricts short-term rentals in single-family residential areas but allows properties to continue operating in multifamily-zoned districts.
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And about one-quarter of investors in U.S. markets plan a large increase in their buying intentions.
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By the end of 2023, 1,337 short-term rental applications were submitted to the Office of Special Enforcement. The city once had over 22,000 short-term rentals
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The move comes as the city seeks to scale back its contracts with hotels acting as migrant shelters, saying most new arrivals have moved on.
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Hoping to capitalize on Houston's job and population growth as well as the departure of big corporate housing names, new players are looking to expand.
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The city council has called time on an ordinance that would make it easier to ban short-term rentals in particular precincts.
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Airbnb-backed Samara plans to use the funding to scale operations to meet the high demand for housing in California.
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Tech tenants continue to move beyond the basic open-office model and create additional amenities that promote collaboration and productivity.
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There is a lot of cynicism toward co-living, but investors are buying buildings in the sector and those who actually live in the schemes like them.
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Road trips will become increasingly longer as autonomous vehicles take over the interstates. What will that mean for the hospitality industry?
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