On 21 June, Barcelona mayor Jaume Collboni announced plans to ban short term rentals in the city starting in November 2028. The decision is designed to solve what Collboni described as “Barcelona’s biggest problem” – the housing crisis that has seen residents and workers priced out of the market – by returning the 10,000 apartments currently listed as short-term rentals on Airbnb and other platforms into the housing market.
Barcelona is not the only city to be strongly regulating – or even banning – short-term rentals outright. It has been illegal since September 2023 to rent out an apartment as a short-term let in New York City unless you are registered with the city and you are present in the apartment when someone is staying – a change also made to assuage the city’s housing crisis. Berlin banned Airbnbs and short-term rentals back in 2014, bringing them back under tight restrictions in 2018; and in many of California’s coastal cities, including Santa Monica, short-term rentals are either banned or highly restricted.
In British Columbia, Canada, Premier David Eby put the issue succinctly as he clarified new short-term rental rules: “If you’re flipping homes, if you’re buying places to do short-term rental, if you’re buying a home to leave it vacant, we have consistently, publicly, repeatedly sent the message: Do not compete with families and individuals that are looking for a place to live with your investment dollars.”
Hotels and airbnb killed mom and pop bnbs.
How so, and why should I care?
Airbnb offered an unfair advantage (venture capital and centralized) in cornering the market on a streamlined platform, vs decentralized bnbs. Then when covid came, the individual bnbs operating on a tight margin shuttered, while airbnb prevailed (with massive layoffs). Both the hotel industry and airbnb were able to jack up prices due to loss of competition from mom&pops.
I can’t answer your second question.
Airbnb competes with itself, due to the individual hosts putting up their own listings. Or are you accusing them of being a cartel?
Airbnbs are not actually bnbs. They don’t have free breakfast. They are just a room.
Businesses fail all the time. As long as they continue to have what I want at a price I want with the convenience I want, I’ll keep using it. Just like ubers and DoorDash.
Who cares if VCs waste their money on an unprofitable business as long as the hosts don’t create a cartel?