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.
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