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Stock impact report

Airbnb urges Barcelona to reconsider crackdown on tourism rentals [Yahoo! Finance]

Airbnb, Inc. - Class A (ABNB) 
Company Research Source: Yahoo! Finance
that it only benefits the hotel sector while failing to address overtourism and a housing crisis. "The only winner from Barcelona's war on short-term rentals is the hotel industry," Airbnb's head of Policy for Spain and Portugal, Sara Rodriguez, wrote in a letter to Mayor Jaume Collboni sent over the weekend and seen by Reuters. Barcelona city hall did not immediately respond to a request for comment. In June, Collboni announced a plan to shut all short-term rentals by 2028 to contain soaring rents for residents. The measure is being challenged in courts. Airbnb argued in its letter that none of Barcelona's earlier measures that had imposed strict limits on new tourist accommodation licences in the city centre since 2014 proved to be effective. "A decade later, official data shows that while short-term rentals numbers have fallen, challenges related to housing and over-tourism are worse than ever," it said. It cited official data showing long-term rents have soared more th Show less Read more
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