Book provides insights on home-sharing

Written by travel industry experts Robert Rosenstein and Peter Allen, ‘At Home Around the World: The ShortTerm Rentals Handbook for Guests, Hosts, Neighbors and Governments’, outlines how home-sharing is providing significant tax revenues to cities and small communities alike, generates secondary industries and jobs, and uplifts neighborhood business earnings.

The new book shares relevant data that paints a picture of the massive growth and positive economic impact of the home-sharing market around the world. This sweeping collection of key research outlines homesharing’s rise, value, and benefits to homeowners, travelers, and communities large and small.

‘Through our conversations with regulators and neighborhood advocates around the world, we realized that governments are struggling with how to understand and anticipate the role that homesharing plays in their cities. As this relatively new industry has emerged, a patchwork of regulations has been created,’ said Rosenstein. ‘We wanted to collect the lessons from these natural experiments and start to showcase how the successful approaches work.’

Some statistics offered in the book illustrates that the global sharing economy is growing at an annual rate of 30 percent, compared to a forecasted three percent annual growth rate for the ‘traditional rental market’, and is expected to equal that market by 2025. In addition, total global revenues for the home-sharing industry alone are expected to reach $169 billion by the end of this year, a growth level two to four times as fast as the overall global economy.