Threatening to disrupt many of Arkansas’ cherished communities is the surge in short-term rentals, fueled by platforms like Airbnb. It is incumbent upon Arkansas leaders with a seat at the policymaking table to balance the needs of the legal short-term rental industry with that of long-term residents and families who don’t want to see their communities overrun by a revolving door of strangers at these transient properties.
When it comes to creating appropriate laws to regulate the short-term rental industry, lawmakers must strike a vital balance that prioritizes both the interests of tourists and the concerns of local communities.
We’ve actively participated in Arkansas’ legislative landscape, focusing on short-term rental bills in recent years. Thankfully, SB 197 – a bill that would have restricted local leaders’ ability to place certain restrictions on short-term rentals – was defeated in the legislature last year. We will continue to monitor any similar legislation that is considered in the future.
In Eureka Springs, 79% of Airbnbs are now commercially operated – up 65% since 2020 – taking 901 homes off the market.
In Hot Springs National, 79% of Airbnbs are now commercially operated – up 72% since 2020 – taking 1,609 homes off the market.
In Fayetteville, 72% of Airbnbs are now commercially operated – up 62% since 2021 – taking 748 homes off the market.
In Bentonville, 79% of Airbnbs are now commercially operated – up 148% since 2020 – taking 704 homes off the market.
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