Exploring the Survival Mechanisms of Short-Term Rentals in Virginia: A Comparative Analysis of Rural versus Non-Rural Markets

This study provides a comprehensive analysis of the survival mechanisms STRs in Virginia, particularly focusing on rural versus non-rural markets. Utilizing data from AirDNA, we observe 16,852 active listings 2018 to 2022. The identifies influence various factors STR longevity, including unit type, location, and number bedrooms. It is unique attempt bridge gap understanding dynamics short-term rentals (STRs) urban contexts. Our findings reveal differences patterns In particular, exhibit higher probabilities compared their counterparts. Furthermore, Full-Time STRs, which are primarily dedicated rentals, show significantly than Occasional regardless location. These serve as critical inputs for stakeholders involved policymaking, regulation, industry strategies. By highlighting distinctive markets, underscore need context-specific regulations that can balance economic benefits with preservation local housing options.