Short-term rentals (STRs) in Philadelphia, commonly referred to as "limited lodging" or "visitor accommodations," are legal but strictly regulated. Property owners wishing to enter this market must obtain both a zoning permit and a rental license from the City of Philadelphia. STRs typically thrive in urban settings, particularly in apartments and homes close to attractions like the Liberty Bell and Reading Terminal Market, catering to both tourists and business travelers. The market is particularly vibrant due to the city's rich historical appeal and business events, with a notable influx of visitors during conventions and festivals. The Philadelphia Department of Licenses and Inspections oversees short-term rental regulations and enforces compliance with zoning laws and licensing requirements. For further details, you can visit the official city resources at Philadelphia Short-Term Rentals and Compliance Information.