ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
It’s possible in Orlando to spend the same amount of money it takes to rent an apartment for a month on a one-night vacation rental.
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As one of the world’s top tourism destinations, Central Florida is home to many high-end short-term vacation rentals. The area’s large, elaborate rentals concentrated in Kissimmee and Four Corners easily can cost more than $1,000 per night, even up to $4,000.
Short-term rentals, easily marketed and rented through popular sites like Airbnb, are becoming increasingly common across the nation. More U.S. properties are becoming short-term rentals, according to Denver-based AirDNA LLC.
Read: How much income does a Central Florida family need to make ends meet?
The short-term rental industry data firm estimates there were 1.06 million short-term rental listings in the U.S. last year, and forecasts that will grow to 1.22 million this year.
Click here to read the full story on the Orlando Business Journal’s website.
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