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Stock impact report

Alberta hotel lobby group launches political campaign against short-term rentals like Airbnb, Vrbo [Toronto Globe and Mail (Ontario, Canada)]

ACCOR SA SPNS/ADR (ACCYY) 
Alberta hotel lobby group launches political campaign against short-term rentals like Airbnb, Vrbo A hotel lobby group in has launched a political campaign against short-term rentals, encouraging ians to submit their rental horror stories and arguing businesses such as Airbnb and Vrbo are ruining neighbourhoods while skipping out on taxes. Destination Marketing Hotels, which represents some of the world’s largest hotel brands including Fairmont Hotels and Resorts, on Thursday unveiled a website tying short-term rentals to an increase in crime, noise and congestion, while reducing safety standards and potential revenue for the city. EDMH wants to crack down on short-term rentals, and the site is designed to harness support from local residents. Cities and tourist towns around the globe are grappling with how to address concerns linked to accommodations such as Airbnb. Opponents also argue short-term rentals contribute to housing shortages and should be taxed like commercial business Show less Read more
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