From neighbourhood to 'globalhood'? Three propositions on the rapid rise of short-term rentals

This Commentary is an attempt to understand the recent, rapid rise of short‐term property rentals in some of the world's most popular neighbourhoods, and what it means for communities, whether urban or rural. The literature to date has tackled the issue from a number of different perspectives, but there is no clear consensus on what the key issues are within this sector of the so‐called “sharing economy.” Despite claims to the contrary, I argue that there is something new about this phenomenon, in relation to its growth, intensity and spatial concentration. I also argue that it represents a kind of double disruption, and that home sharing can usefully be conceptualised as neighbourhood sharing if we want to arrive at a better understanding of local reactions to it, and how we might best respond to it from a regulatory point of view.