Croatia to clamp down on short-term tourist rentals to ease price squeeze [Yahoo! Finance Canada]
Booking Holdings Inc. (BKNG)
Last booking holdings inc. earnings: 2/26 04:04 pm
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Source: Yahoo! Finance Canada
Cities from Malaga and Barcelona in Spain to Athens and Budapest have clamped down on short-term rentals in an effort to alleviate housing shortages and reduce prices for local people. Such moves in popular tourist destinations might have an impact on platforms such as Airbnb and Booking.com. This year the Croatia coastal tourist trap of Dubrovnik banned new private rental permits in its historic Old Town in a bid to keep young people from leaving as a result of high costs. Croatian Finance Minister Marko Primorac said that the laws will raise taxes on houses for rent and the lump sum tax on tourist rental, but will not affect housing units where people live long term or where people live in their own property. Some locals say that will give them a chance to rent at market prices and revive towns where blocks of apartments only fill up during the holiday season. "What bothers the citizens of Split, as well as Dubrovnik and other coastal towns, is that they are emptied of re
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BKNG
Earnings
- 10/30/24 - Beat
BKNG
Sec Filings
- 11/21/24 - Form 8-K
- 11/19/24 - Form 424B2
- 11/18/24 - Form FWP
- BKNG's page on the SEC website