Tourist hot spot to ban vacation apartments in bid to make city 'livable' again [FOX Business Network]
Airbnb, Inc. - Class A (ABNB)
Company Research
Source: FOX Business Network
Barcelona officials plan to ban short-term tourist apartment rentals by 2028, mirroring policies that have bubbled up across Europe in recent years. "We are confronting what we believe is Barcelona's largest problem," Barcelona Mayor Jaume Collboni said at a city council event. Barcelona will look to eliminate all rentals by the 2028 deadline. The city will scrap all 10,101 apartment licenses approved as short-term rentals, Reuters reported. Collboni claimed the tourism boom has benefited the country but choked the local supply of apartments and driven up the cost of rentals for locals by around 68% in the last 10 years. And the cost of a house rose 38%, exacerbating already problematic inequality. However, short-term rentals in Barcelona have remained stagnant for years, remaining at around 10,000 since 2014, even as housing prices have continued to rise, according to figures from Barcelona's City Hall The city's data indicates around 850,000 homes exist in Barcelona, maki
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- I Rent Out a Home on Airbnb: Here's How Much Profit I Actually Bring In [Yahoo! Finance]Yahoo! Finance
ABNB
Earnings
- 5/8/24 - Beat
ABNB
Sec Filings
- 7/2/24 - Form 144
- 7/1/24 - Form 4
- 6/27/24 - Form 4
- ABNB's page on the SEC website