Initiatives aimed at improving the economic and social conditions of urban areas, potentially influencing the growth and development of short-term rental markets.
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Glossary Term: Community Development
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The positive economic impact generated by short-term rentals on local communities. This includes supporting local businesses, creating job opportunities in hospitality and related sectors, and generating tax revenue for the area.
A program that encourages tourism development that benefits local communities, often through partnerships with local businesses and organizations. Short-term rental hosts can participate in such programs to enhance their offerings and contribute to the local economy.