Insight
The implementation of new regulations has a significant and immediate impact on the number of active short-term rentals in a market.
Lexington has seen 40% drop in short-term rentals since regulations kicked in
Summary
Lexington has experienced a 40% decrease in short-term rentals following the implementation of new regulations. This significant drop highlights the immediate impact of regulatory changes on the STR market, affecting hosts and potentially the local tourism landscape.
Key takeaway