In recent years, short-term rentals, vacation rentals and peer-to-peer accommodations have been a popular investment vehicle around the world. Peer-to-peer accommodations are part of the sharing economy, wherein people can rent out unused or under-used properties to others for rent. Popular because of a traditionally steady market, the initial investment can be fairly forgiving. In a 2018 overview of peer-to-peer accommodations, the World Bank predicted the global industry’s annual growth rate at 31% between 2013 and 2025. However, like most industries the economic turmoil and uncertainty of 2020 have had a significant impact on peer-to-peer rentals.
