Business & Investment

Airbnb strengthens management of short-term let in France By Reuters

© Reuters.File Photo: The Airbnb logo can be found on the small mini-pyramid beneath the glass pyramid of the Louvre Museum in Paris.

Paris (Reuters)-Airbnb announced on Monday plans to strengthen control of short-term rental properties advertised on its site in several French cities, including Paris, by throwing away those without a formal registration number. did.

France is one of Airbnb’s top destinations, but the online rental market is facing criticism about concerns that short-term rentals will exacerbate housing shortages in other cities, including Paris, Amsterdam and New York.

Airbnb said it will take additional steps against those who rent French real estate for short stays without registering with the authorities.

According to Airbnb, the list without registration numbers in Paris, Lyon and Bordeaux will not accept reservations as of this year, adding that the plan will be rolled out to other cities.

Existing rules in Paris do not allow Airbnb to rent an entire house for more than 120 days and require a declaration of rent.

The new steps follow a request from the French Ministry of Housing to work more closely with local governments, such as for platforms such as Airbnb to share data and information.

The COVID-19 pandemic has hit the tourism and travel industries hard. Airbnb, which was listed on the New York Stock Exchange last December, hit earnings as bookings declined.

The group said it will participate in new campaigns in France to promote travel, such as ski resorts in the French Alps and Haute-Savoie. The French government has extended the closure of ski lifts due to a pandemic, hitting local business owners who are heavily dependent on the winter season.

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Airbnb strengthens management of short-term let in France By Reuters

https://www.investing.com/news/stock-market-news/airbnb-to-tighten-control-of-shortterm-lets-in-france-2411781 Airbnb strengthens management of short-term let in France By Reuters

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