Prior to launch, the company shared the new tool with the San Francisco Short-Term Rentals office. “They are pretty positive about it and hope it will definitely improve their ability to get bad actors out of the platform,” said Jeffrey Cretan, spokesperson for the city mayor.
Perhaps because of the mockery, Airbnb claims it hasn’t lost any important ads. According to AllTheRooms Analytics, among popular cities in Europe, only Rome and Lisbon have dropped lists, around 2,000 each. In Lisbon, the crackdown still leaves just over 14,500 registrations, the same figure as in January 2019, but down from the peak in July 2019.
The effect of more regulation could manifest in the future, threatening a strong portfolio. “For a platform like Airbnb, they’re not just concerned with demand, but also supply,” said Boston University’s Mody, noting that the travel freeze could convince hosts to place their units on the long term. rental market, platform shrinking and potential investor concern. “When you live on venture capital, profitability is not as important as growth,” added Mody. “Shareholders will be much less patient.”
The music stops in the party houses
During the pandemic, Host Compliance, which tracks short-term rental legal compliance for 350 cities and counties in the United States, said noise complaints about so-called “party houses” had tripled.
“A lot of people have been home for a long time and they have to let off steam and can’t jump on a plane to go to Europe or to Cancun to party, so they rent short-term rentals within driving distance of their homes. Said Ulrik Binzer, Founder and CEO of Host Compliance.
Often times, these rentals are in residential areas, triggering noise complaints and health issues at large gatherings.