There's no tourism, just lots of drugs, crime and unemployment.But there is a big petrochemical refinery here. 

Florida struggled because of the hit to tourism.

HUGE impact on your exit options as an investor).All of this said, there are some "towns" in NY state that have historically been dependent on tourism and are very unlikely to limit/ ban STRs.

However, looking back to the Great Recession Florida tourism was down about 10-13%. 

I could see many more listings being removed and sellers deciding to hold their properties instead of selling for less than they believe they are worth..With tourism regressing to the pre-pandemic levels and a flood of new STR inventory in the market likely purchased at HIGH prices with BIG mortgage payments what happens next? 

I embrace the learning process of being a landlord because every step of learning will make it easier for my next deal, and the deal after that... all the way until I'm able to quit my job and have my financial freedom. 

Most tourists and expats go to Ambergris Caye when they are in Belize, the mainland is still fairly well under developed, not so on Ambergris Caye.I am investing on Ambergris and may be biased, but there is a reason why I decided to, and if you look into the growth drivers in the Belize tourism industry (20% growth 2009-2012 in all of Belize, 57% growth on the Island of Ambergris Caye) you will see some of the fastest growth rates in the Caribbean.So it all depends upon what your investment philosophy is, I buy for long term cash flow, back end appreciation is a secondary consideration, costs of land are low in Belize (even on Ambergris) relative to the nightly and weekly rental rates that are being attained in the market.During the recession Caribbean tourism dropped 20%, in Belize it dropped 1.8% and although sales volume declined, sales prices maintained.So I believe It is best to speak with people who actually have the data on a market and are also directly investing to get reliable information.If anyone would like me to send them the raw tourism numbers, just e-mail me, I'd be glad to.

Started doing work for local city government and non-profits tied to Parks and Rec divisions, and then moved into tourism-based short term rental marketing imagery... mainly photos, and I offer both the aerial stuff as well as traditional photography.

However, true vacation rental markets don’t usually have a lot of jobs and industrial growth, they are mostly tourism driven.

Hi Assaf,For MTRs we look for areas where any 3 of the following 6 industries are within 10 minutes of each other: General Hospital System, International Airport, Military Base, Major University (20k+ students), Metropolitan Tourism, Fortune 500 Companies.