Florida vacation rental murder highlights danger of 'massive, unregulated' industry: lawyer

  • 📰 FoxNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 87%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

A fatal carjacking outside a short-term rental community in Florida illustrated the dangers of Airbnb and Vrbo, whose popularity is soaring, the victim's mother says.

A $2 million settlement — and pending lawsuits — after a tourist was murdered during a carjacking in a rental community is a warning shot to the short-term rental industry, the victim's mother and lawyer said. Jeremiah Brown was 22 in July 2022, when he, his girlfriend and her children took a celebratory vacation from California to Central Florida, where they stayed at the sprawling rental community called ChampionsGate.

Precedence Research, a market research company, said in a February 2024 report the global short-term rental market size surpassed $112.31 billion in 2023 and is projected to hit about $315.18 billion by 2033. In the U.S., the market will hit about $29.09 billion in 2023 and is poised to soar to approximately $81.63 billion by 2023, according to Precedence Research. 'With the rise of online platforms and booking websites such as Airbnb, Vrbo and Booking.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines