Spain's Canary Islands plan tighter short term rental rules with police backup [Yahoo! Finance]
Airbnb, Inc. - Class A (ABNB)
Company Research
Source: Yahoo! Finance
Locals, hotels angered by spread of holiday home listings Homeowners' association says law would end most rentals By Corina Pons SANTA CRUZ DE TENERIFE, Spain April 16 (Reuters) - Soon after Maria Rosa Sanchez reported her neighbour for renting her building's rooftop in Tenerife as a campsite on Airbnb, police officers carried out an early morning raid and local authorities opened an investigation. The closure of the campsite, which offered tents for 12 euros ($13.03) a night, is a foretaste of a new hard line towards illegal short-lets on Spain's Canary Islands, where listings on platforms like Airbnb and Booking.com have soared. A draft law expected to pass this year toughening the rules on short lets follows complaints from locals priced out of the housing market and from hotels facing taxes and sustainability rules skirted by companies investing in short term rentals. Authorities worldwide are grappling with similar issues: Canada, Australia and Italy are among many c
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ABNB
Earnings
- 2/13/24 - Miss
ABNB
Sec Filings
- 4/25/24 - Form 4
- 4/23/24 - Form 144
- 4/23/24 - Form PX14A6G
- ABNB's page on the SEC website