Earlier this month, Skift published a list of top U.S. cities that offer the potential to profit from short-term rental arbitrage.
05.03.2024 - 23:29 / skift.com / Srividya Kalyanaraman / Viktorija Molnar / Cooper
The European Parliament passed what some call the “Airbnb law” last week, requiring short-term rental platforms to comply with data sharing and supervision checks.
Written by Dutch Green lawmaker Kim Van Sparrentak, the law requires two things: That platforms like Airbnb, Booking, Vrbo and HomeTogo share data with local authorities monthly (smaller platforms will be required to share data quarterly). And second, it mandates that platforms combat illegal rentals through random verification checks.
Van Sparrentak said during the parliamentary session that better data sharing will enable authorities to tackle the issue of illegal listings, and will increase access to affordable housing.
The type of data to be shared include identity of the host, contact details, exact location and address of the rental, and maximum number of beds/occupants.
EU negotiators from the 27 member states and the parliament reached a provisional agreement on the rules in November. As for next steps, the parliamentary council needs to formally approve it and the regulation would then be signed at the parliament’s mini-plenary session on April 10 and 11. Local authorities and platforms will have 24 months to comply after that date.
“We hope that the EU data sharing framework for short-term rentals will lead to more justified, proportionate, and non-discriminatory short-term rental rules – rules that respect the principles of the EU’s Services Directive,” said Viktorija Molnar, acting secretary general of the European Holiday Home Association, which advocates for the short-term rental industry in the European Union. “The EHHA stands ready to further cooperate with policy makers to ensure a proper application of the EU regulation.”
Airbnb put out a statement welcoming the new rules. The company said it is already working with member states on tools for new data-sharing frameworks.
“For the last two years Airbnb has called for an EU-wide approach to short-term rental rules that will help make regulations more consistent across the bloc,” said Georgina Browes, head of EU Policy at Airbnb in a statement. “Platforms and authorities will have clear guidance on how to share data and it should become simpler for hosts to register with their local authority and adhere to proportionate rules.”
Earlier this month, Skift published a list of top U.S. cities that offer the potential to profit from short-term rental arbitrage.
India, already the world’s largest emerging outbound travel market, is in the midst of a travel boom as 63% of Indian travelers said they’re planning to increase their travel budgets for 2024. In addition, Indian travelers are projected to become the fourth-largest global spender on travel by 2030.
The Asia-Pacific region is expected to play a key role in the travel industry’s growth this year. Skift Research projected the region would see travel revenue jump 20% in 2024 from the previous year as outbound travel from China is expected to increase substantially.
The solar eclipse on April 8, will be a celestial event. It will be visible from 15 states across the U.S., parts of Mexico and Canada.
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I live in Australia with my Texan wife, but we head to the US every year to visit her parents.
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The U.S. Senate passed key government funding bills Friday evening — with one that included “up to $3.5 million of funding for the office of the assistant secretary of commerce for travel and tourism.
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Following a triumphant sold-out edition last year, Skift Short-Term Rental Summit is making its comeback in New York City on June 5. Expanding on Skift’s comprehensive coverage of short-term rentals, the Summit will explore the impact of distribution, platforms, and technology on both traditional and unconventional vacation rentals. Join us for insights into consumer behavior, investor perspective, and more.
There's nothing like the thrill of skiing and snowboarding—but it's no secret that mountain sports are expensive hobbies. After purchasing cold weather gear, travel, and lodging, the last thing you want to do is overpay for lift tickets.