ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
Β© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Airbnb Introduces New Features To Help Users And Property Owners Comply With Regulations

The newly added features allow cities to access more data to help enforce short-term rental laws.
PUBLISHED FEB 26, 2024
Cover Image Source: The Airbnb logo | Getty Images | Photo by Carl Court
Cover Image Source: The Airbnb logo | Getty Images | Photo by Carl Court

Airbnb has significantly expanded its City Portal and added new features to help both users and property owners, the company said in a press release. Launched in 2020, the portal is now available in 430 locations across the world. It provides local governments and tourism organizations with insights into the tourism trends in their communities. With the newly added features, cities can now access data insights and new tools to help enforce short-term rental laws.



 

The newly introduced tools help users engage with their local Airbnb Host community and find their local Airbnb Host club to connect with Hosts, allowing users to directly communicate any issues. Moreover, users can now request a Responsible Hosting Page, which is a dedicated web page offering both governments and hosts an easy-to-find resource on how to comply with local short-term rental rules

Last year, Airbnb CEO, Brian Chesky, announced that a summer update was set to bring in more than 50 minor improvements for renters and hosts. The CEO claimed that the issues would solve the most complex pain points of the platform, and the redesign was set in action after analyzing 15,000 social media posts along with millions of service complaints.



 

Government officials will be granted access to various metrics related to Airbnb activity, including the monthly guest count, aggregated data detailing the origin of guests' travel, survey results indicating the average duration of Airbnb stays, and recommendations from local hosts regarding top businesses in the area.

The platform has also improved compliance capabilities in a bid to help local governments enforce their short-term rental laws. Officials can use the City Portal to search for listings in their registration system and take action if local regulations are violated.



 

In the past couple of years, several states have introduced such renting laws to regulate the market. As cities confront mounting demands from residents to enhance housing availability and affordability, there's a growing recognition that short-term rentals could play a role in addressing these concerns.

However, leaders are also wary of potential drawbacks, particularly their impact on residential neighborhoods. The constant turnover of tourists in these areas can disrupt peace and cohesion among residents.

In response, cities like Atlanta, San Diego, and Juneau have taken steps to introduce regulations governing such rental models. Additionally, several states, including New York, California, and Florida, have implemented their own laws to manage the impact of short-stay housing on communities.



 

Nonetheless, the introduction of the new portal signifies Airbnb's commitment to strike a balance between the advantages of home sharing and the needs of local communities. Before this initiative, the platform established the Airbnb Housing Council, which is dedicated to identifying solutions to housing affordability challenges by partnering with housing experts, elected officials, and academic institutions.

In its fourth-quarter report released on February 13, Airbnb showcased promising growth figures. The company announced that the number of nights and experiences booked through its platform had increased by 12% compared to the same quarter of the previous year. Additionally, it reported a 17% year-on-year rise in revenue, indicating its continued success and expansion in the market.

MORE ON MARKET REALIST
While the economy is estimated to grow in 2026, hiring may remain tepid.
1 day ago
That burden of debt on Americans might go up by the time this year comes to an end.
1 day ago
Getting gifts on Christmas is great but people don't always have to like them.
1 day ago
The retailer is adopting tech to evolve with the times and will even see new leadership.
1 day ago
The former DOGE head's claims might be optimistic at best given the American economy's state.
1 day ago
It was an incredible win and the person can hope for a happy and comfortable New Year's.
1 day ago
This will be a great option for members who make use of the mobile application.
2 days ago
Prices of essentials are still high for low and middle-income families, and job security isn't great.
2 days ago
The President hopes to make medication cheaper, but he might not have thought it through.
2 days ago
It seems like things are about to get a lot worse before they get better.
2 days ago
The shopper was charged more than $80 for her items, and she might have paid that as well.
2 days ago
The decision makes a lot of sense for the retailer in terms of morale and finances.
3 days ago
The numbers were unexpected, and those in power will hope to make the most out of this situation.
3 days ago
This will not be good news for Republicans ahead of the next midterm elections.
3 days ago
No one would want to eat a radioactive shrimp ahead of the holiday season.
3 days ago
The Trump administration will have its hands full if this situation truly unfolds next year.
4 days ago
With the Midterms next year, this crisis has become one of the key areas of conversation.
4 days ago
Gyms are predicted to be popular in 2026 despite the advent of at-home fitness and virtual exercises, according to 86% of Americans surveyed.
4 days ago
The host was not impressed with the question and said that it was shame that he knew the answers.
4 days ago
He was overjoyed at first but that quickly turned into bitter disappointment.
4 days ago