Chris Sorbe worked with his father to turn their home into a vacation rental a decade ago. Business boomed for a while, but it hasn’t been so hot lately.
When the Sundance Film Festival comes to Boulder in January, scores of out-of-state visitors are expected to descend on the city. Many of those studio executives, actors, directors and fans will need somewhere to stay.
Kansas City homeowners hoped for a windfall by renting out their places to tourists during the World Cup. But despite an overall increase in bookings, many hosts haven’t seen an influx of guests.
Kansas City expects 650,000 fans to attend World Cup games next June and July. Many of them will seek short-term rentals, which could temporarily affect the region’s housing market.
Allison Robbert for The Washington Post via Getty Images
With U.S. travelers watching their wallets and international tourists anxious about being detained at American airports, the travel industry is suffering a double whammy.