November 16, 2018
Hospitality industry executives look ahead to 2019
There are headwinds ahead for some hotel brand companies and real estate investment trusts, but the overall tone on calls in regards to next year was positive.Read more
Airbnb has said that new legislation in Asia and the Pacific “stinks”. Japan, Thailand, and Australia recently released new regulations that will affect the company’s listings.
Japan and New South Wales in Australia have put a cap on the number of days that people can rent their properties. In Thailand, the court ruled that it is illegal to rent out a room on a daily or weekly basis.
Supporters of the regulations argue that, while the service provides a wider range of lodging options for budget-conscious travellers, Airbnb is detrimental to housing prices and supply as well as the identity of the community.
These hurdles are nothing new for the home-sharing company. A number of cities like Paris, Barcelona, Berlin, New York, and San Francisco have in the past set up special regulations to short-term rentals and it seems that APAC is simply catching up.
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