Airbnb seeks ownership rule change to give hosts equity in its business
United States: Airbnb has asked the U.S. Securities and Exchange Commission (SEC) to reconsider its security ownership rules as it wants to give its hosts equity in its business. The specific regulation that Airbnb is seeking to change is the SEC’s Rule 701, which governs ownership of equity in companies to bring in a new […]
Vancouver insurance brokers issue Airbnb coverage warning
Vancouver: Recently-introduced regulations in some municipalities of Metro Vancouver are making it harder for property owners to get insurance coverage for their short-term rentals. One major insurance company, Wawanesa, stopped coverage for Airbnb-type listings in July, leading some brokers to suggest their clients go to more expensive ‘specialty market’ insurers as an alternative. A spokesman […]
Protests in Lisbon over soaring numbers of short-term rentals
Lisbon: Hundreds of protesters took to the streets of Lisbon on Saturday to voice their anger at soaring numbers of short-term tourist rentals and rising rents. Those marching through the Portuguese capital held up banners displaying slogans such as “Rein in rents, stop expulsions” and “enough tourism rentals”, in a demonstration that resembled others seen […]
Hospitality survey reveals Airbnb penetration down to ‘creative class’ and distribution
United States: Since 2008, Airbnb has grown exponentially as a vacation rental platform into the world’s second most valuable hospitality provider after Marriott. It now counts over 3,000,000 listings in more than 65,000 cities across the world, however critics argue its rapid growth has been accelerated by a lack of regulation. While this has led […]