Before launch, the company shared the new tool with San Francisco Office for short term rentals. “They’re pretty positive about this and hope it will definitely improve their ability to get bad actors off the platform,” said Jeffrey Cretan, a spokesman for the city’s mayor.
Perhaps because of those scoffers, Airbnb says it hasn’t lost any significant listings. According to AllTheRooms Analytics, only Rome and Lisbon among popular cities in Europe have posted entries of around 2,000 each. In Lisbon, after the procedure, just over 14,500 entries remain, the same number as in January 2019, but fewer than in July 2019.
The effects of additional regulations could show up in the future and pose a threat to a resilient portfolio. “For a platform like Airbnb, they not only care about the demand side, but also about the supply side,” said Mody of Boston University. The travel stop could convince the hosts to use their units for the long term due to the rental market, shrinking of the platform and concern for potential investors. “When you make a living on venture capital, profitability isn’t as important as growth,” Mody added. “Shareholders will be a lot less patient.”
The music stops in party houses
During the pandemic Host complianceAccording to noise complaints about so-called “party houses”, short-term rental law compliance has tripled for 350 cities and counties in the US.
“A lot of people have been home a long time and need to blow off some steam and can’t hop on a plane to go to Europe or Cancun to celebrate. That’s why they rent short-term rentals within driving distance of their homes, ”said Ulrik Binzer, the founder and general manager of Host Compliance.
Often these rentals are in residential areas, which creates noise and health concerns about large gatherings.