Why is Indianapolis one of Airbnb?s hottest cities"
Indianapolis has seen ?explosive growth? on Airbnb charting 17.4 percent growth year-over-year, making it one of the fastest-growing markets in the nation. | Shutterstock
The ?explosive growth? in Indy?s short-term rental market, explained Indianapolis, Indiana, has a lot going for it. A finalist for Amazon?s HQ2 contest, the Midwest metro has a growing tech and cultural scene, and is now celebrated for its Cultural Trail and recents investment in renovating its downtown. The New York Times, in typical fashion, noted that there?s more to the city ?than the Memorial Day weekend whirlwind known as the Indy 500,? which is akin to being surprised that New York City has events other than the annual marathon.
But in a world of inexpensive airlines and emerging travel destinations, would Indy be your first guess if pressed to name a hot Airbnb market" Indianapolis, as it turns out, has seen ?explosive growth? on the platform, according to the first Short-Term Rental Index released earlier this month by AirDNA, a company that compiles unofficial data on the short-term rental market. The city?s hosts benefitted from 17.4 percent revenue growth year-over-year, which makes it one of the fastest-growing markets in the nation. But why Indy" And how does Airbnb activity chart, or correspond to, the growth and economic fortunes of a major city"
Dig deeper into AirDNA?s stats, and the growth seems even more noteworthy. The number of available spaces for short-term A...
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