Tools commonly used in the Apartments-Short Term industry for day-to-day tasks and operations.

• Property management software
• Online booking platforms
• Cleaning supplies and equipment
• Maintenance tools and equipment
• Furniture and decor
• Linens and bedding
• Kitchen appliances and utensils
• Internet and cable services
• Security systems
• Marketing materials and strategies

Common products and services typical of NAICS Code 531110-10, illustrating the main business activities and contributions to the market.

• Corporate housing
• Extended stay apartments
• Vacation rentals
• Short-term rentals
• Temporary housing
• Serviced apartments
• Executive suites
• Furnished apartments
• Transitional housing
• Relocation housing

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Short-Term Rental Permit: A permit required by many cities and states in the US to operate a short-term rental property. The requirements and regulations vary by location. For example, in San Francisco, hosts must register with the city and obtain a business registration certificate, while in New York City, hosts must register with the state and obtain a license. The permit is usually issued by the local government or a regulatory agency.
• Fire Safety Inspection: A safety inspection required by many cities and states in the US to ensure that short-term rental properties meet fire safety standards. The inspection may include checking smoke detectors, fire extinguishers, and emergency exits. The inspection is usually conducted by the local fire department or a fire safety agency.
• Zoning Compliance: A compliance certificate required by many cities and states in the US to ensure that short-term rental properties are located in areas that are zoned for residential use. The certificate is usually issued by the local government or a zoning agency.
• Business License: A license required by many cities and states in the US to operate a short-term rental property as a business. The license is usually issued by the local government or a regulatory agency.
• Tax Registration: A registration required by many cities and states in the US to collect and remit taxes on short-term rental income. The requirements and regulations vary by location. For example, in San Francisco, hosts must register with the city and obtain a business registration certificate, while in New York City, hosts must register with the state and obtain a license. The registration is usually issued by the local government or a tax agency.
• Americans with Disabilities Act (ADA) Compliance: A compliance certificate required by the US federal government to ensure that short-term rental properties are accessible to people with disabilities. The certificate is usually issued by the US Department of Justice.
• Fair Housing Act Compliance: A compliance certificate required by the US federal government to ensure that short-term rental properties do not discriminate against people based on their race, color, religion, sex, national origin, familial status, or disability. The certificate is usually issued by the US Department of Housing and Urban Development.
• Environmental Health Inspection: An inspection required by many cities and states in the US to ensure that short-term rental properties meet environmental health standards. The inspection may include checking for mold, pests, and other health hazards. The inspection is usually conducted by the local health department or an environmental health agency.
• Insurance: Many short-term rental hosts are required to have insurance to protect themselves and their guests from liability and property damage. The requirements and regulations vary by location and insurance provider. Hosts may need to obtain liability insurance, property insurance, or both. The insurance is usually provided by an insurance company.
• Safety and Security Certification: A certification required by some short-term rental platforms to ensure that hosts meet certain safety and security standards. The certification may include background checks, safety inspections, and other requirements. The certification is usually issued by the short-term rental platform.
• Better Business Bureau Accreditation: An accreditation that indicates that a short-term rental business meets certain standards of trust and integrity. The accreditation is issued by the Better Business Bureau.
• Certified Apartment Manager (CAM): A certification that indicates that a short-term rental manager has the knowledge and skills to manage an apartment complex. The certification is issued by the National Apartment Association.
• Certified Apartment Supplier (CAS): A certification that indicates that a short-term rental supplier has the knowledge and skills to provide products and services to apartment complexes. The certification is issued by the National Apartment Association.
• Certified Property Manager (CPM): A certification that indicates that a short-term rental manager has the knowledge and skills to manage all types of properties. The certification is issued by the Institute of Real Estate Management.
• Certified Commercial Investment Member (CCIM): A certification that indicates that a short-term rental professional has the knowledge and skills to analyze, buy, and sell commercial real estate. The certification is issued by the CCIM Institute.
• Real Property Administrator (RPA): A certification that indicates that a short-term rental professional has the knowledge and skills to manage all types of properties. The certification is issued by the Building Owners and Managers Association International.
• Certified Apartment Portfolio Supervisor (CAPS): A certification that indicates that a short-term rental supervisor has the knowledge and skills to manage multiple apartment complexes. The certification is issued by the National Apartment Association.
• Certified Apartment Maintenance Technician (CAMT): A certification that indicates that a short-term rental maintenance technician has the knowledge and skills to maintain and repair apartment complexes. The certification is issued by the National Apartment Association.
• Certified Residential Management Company (CRMC): A certification that indicates that a short-term rental management company has the knowledge and skills to manage residential properties. The certification is issued by the National Association of Residential Property Managers.

A concise historical narrative of NAICS Code 531110-10 covering global milestones and recent developments within the United States.

• The "Apartments-Short Term" industry has a long history dating back to the early 1900s when the first apartment hotels were established in the United States. These hotels were designed to provide temporary accommodation for travelers and were equipped with amenities such as kitchens and living rooms. In the 1920s, the industry saw significant growth due to the rise of tourism and the increasing popularity of short-term rentals. During the 1950s and 1960s, the industry experienced a decline due to the rise of motels and other forms of accommodation. However, in recent years, the industry has seen a resurgence due to the growth of the sharing economy and the popularity of platforms such as Airbnb and HomeAway. In the United States, the "Apartments-Short Term" industry has experienced significant growth in recent years. According to a report by Statista, the revenue of the short-term rental market in the United States is expected to reach $18.6 billion in 2021. This growth can be attributed to several factors, including the increasing popularity of short-term rentals among travelers, the rise of the sharing economy, and the growth of online platforms that make it easier for property owners to rent out their homes. Despite the challenges posed by the COVID-19 pandemic, the industry has remained resilient, with many travelers opting for short-term rentals as a safer and more flexible alternative to traditional hotels.

The anticipated future trajectory of the NAICS 531110-10 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  The short-term apartment rental industry in the USA is expected to continue its growth trajectory in the coming years. The industry is expected to benefit from the increasing popularity of short-term rentals among travelers, as well as the growing number of business travelers who prefer the convenience and flexibility of short-term rentals over traditional hotels. Additionally, the industry is expected to benefit from the increasing use of technology, such as online booking platforms and mobile apps, which make it easier for travelers to find and book short-term rentals. However, the industry may face challenges from regulatory issues and competition from other lodging options. Overall, the short-term apartment rental industry is expected to continue its growth trend in the USA in the coming years.

Recent groundbreaking advancements and milestones in the Apartments-Short Term industry, reflecting notable innovations that have reshaped its landscape.

• Airbnb's "experiences" Feature: Airbnb has introduced a new feature called "Experiences" that allows travelers to book unique experiences in addition to their accommodations. This feature has helped to differentiate Airbnb from other short-term rental platforms and has attracted a new segment of travelers who are looking for more than just a place to stay.
• Smart Home Technology: Many short-term rental properties are now equipped with smart home technology, such as keyless entry systems, smart thermostats, and voice-activated assistants. These technologies enhance the guest experience and make it easier for hosts to manage their properties remotely.
• Increased Focus on Sustainability: Many short-term rental hosts are now focusing on sustainability by using eco-friendly cleaning products, providing recycling bins, and encouraging guests to conserve energy and water. This trend is driven by the growing awareness of environmental issues among travelers and the desire to reduce the environmental impact of short-term rentals.
• Integration with Ride-Sharing Services: Some short-term rental platforms are now integrating with ride-sharing services, such as Uber and Lyft, to provide guests with transportation options during their stay. This integration enhances the guest experience and makes it easier for travelers to get around in an unfamiliar city.
• Increased Focus on Safety and Security: Short-term rental platforms are now placing a greater emphasis on safety and security by implementing features such as background checks for hosts and guests, secure payment systems, and 24/7 customer support. These measures help to build trust among guests and hosts and ensure a safe and secure experience for everyone involved.