Spain's Canary Islands plan tighter short term rental rules with police backup [Reuters]
Airbnb, Inc. - Class A (ABNB)
Company Research
Source: Reuters
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 (ABNB.O) New Tab , opens new tab , 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. Reuters Graphics Authorities worldwide are grappling with similar issues: Canada Australia and Italy are among many countries which have tightened the rules around short-term rentals to protect loca
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News
- I'm an Investing Expert: Buy These 7 Stocks Set To Soar During Summer Travel Season [Yahoo! Finance]Yahoo! Finance
- As tourists move in, Italians are squeezed out on holiday island of Capri [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- We're budgeting $400,000 to flip 5 train cars into Airbnbs. It all started with a 1970s caboose we bought on Facebook marketplace. [Business Insider]Business Insider
- The end of the French gîte dream [Yahoo! Finance]Yahoo! Finance
- As tourists move in, Italians are squeezed out on holiday island of Capri [Reuters]Reuters
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