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Stock impact report

Home rentals group takes Barcelona's ban to EU Commission [Yahoo! Finance Canada]

Airbnb, Inc. - Class A (ABNB) 
The association said in a statement on Wednesday the new rules were "unjustified, disproportionate and unsuitable to address overtourism and housing shortages", and that the decree had been "adopted urgently and without any period of public consultation". "We are convinced that EU law has not been respected," EHHA Secretary General Viktorija Molnar said in the same statement, citing the European Services Directive that demands that rules must be justified, non-discriminatory and proportionate. The EHHA hopes that Brussels will also open a formal infringement procedure against Spain, one of the world's most visited countries. Global holiday home rental company Airbnb this week urged Collboni to reconsider the widening crackdown on holiday homes. The company said the strict restrictions for tourist accommodation licences, imposed since 2014, have not been effective in addressing the challenges related to the housing crisis and the massive impact of tourists. Barcelona has aro Show less Read more
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