ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© 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
Fans were clearly not happy after two straight losses in the Bonus Round.
1 hour ago
Costco one is sold for a premium price, making it a lot less affordable than the Walmart one.
3 hours ago
The retail giant would not want one of its best seasonal products to remain unsold.
5 hours ago
This move would severely hurt businesses and consumers will have to pay a lot more.
7 hours ago
The contestant was momentarily disappointed, but she was happy to have won more than $17,000.
1 day ago
Those interested can avail the Walmart Plus membership for $49 instead of the usual $98 for a year.
1 day ago
No one saw this coming, but it doesn't mean the product won't return to the shelves again.
1 day ago
Several businesses are offering free meals to current and former military personnel on November 11.
1 day ago
Emmer believed that the President had inherited a broken economy from the previous administration.
2 days ago
With the holiday season right around the corner, the company wants to bring in big revenue.
2 days ago
The retailer has some great discounts in store for the holiday season this year.
2 days ago
It's not the best look for ByHeart, the company producing and selling the baby formula.
2 days ago
She had won more than $30,000 leading up to the Bonus Round, which was a great feat.
5 days ago
The bird's stock in the US is the lowest of the last 40 years thanks to a deadly avian flu.
5 days ago
The company claimed that there were concerns about physical safety with the bottles.
5 days ago
Currently, arguments about the legality of the President's tariffs are being made and heard.
5 days ago
She composed herself just well enough to be able to thank host Drew Carey after her big win.
5 days ago
The contestant was flexing his muscles and the host might have taken offence at that.
5 days ago
A lot of people would have wanted to swat the creature had it sat on their bodies out of fear.
5 days ago
The 1979 contestant had won a car during her time on the show, but her student failed to do so.
5 days ago