Hotels and other accommodation continue to be undercut by the lack of regulation in the short-term let market.
Plans for Growth as Consumer Demand for Short-Term Rentals Rises
The City of New York will delay enforcing a municipal law that Airbnb Inc (ABNB.O) said could limit the number of people who can host rentals in the city, a Friday court filing showed.
Rakuten, the Japanese e-commerce giant, is making ambitious moves to building out Rakuten STAY, a vacation rentals model in which it will own, manage and operate its inventory not just in Japan but worldwide – and its accommodation will be fully powered by services within the Rakuten eco-system.
The Government’s proposed registration scheme for short-term lets must be mandatory and nationwide across England, trade body UKHospitality said.
The Mandarin Oriental Exclusive Homes portfolio has seen 150% growth in its first 12 months of operation with plans to grow the portfolio to over 100 homes within the next 5 years.
Airbnb will promote private rooms more, with its CEO highlighting lower prices relative to hotels
The system will increase engagement between town staff and the community while providing a more accurate picture of the STR landscape on Hilton Head Island.
UKHospitality Cymru has called for Welsh Government to use a new statutory licensing scheme to create a 'level playing field' between established serviced accommodation businesses and the short-term let sector.
Today Leesfield Scolaro announced a lawsuit against Airbnb, Inc. for wrongful death after a 19-month-old baby fatally ingested fentanyl while sleeping at an Airbnb in Palm Beach County.