Short-term rental booking platform Airbnb has hit back at Spanish restrictions on rental properties, stressing that they will have severe repercussions for both income and jobs. Citing research undertaken by Oxford Economics in late 2024,
Spain's government wants to limit short-term tourist rental platforms like Airbnb, but new research reveals how restricting them might actually hurt jobs and the economy, and that they'll still be far more profitable than normal rentals even with higher taxes.
In recent years, rents have skyrocketed in Airbnb-dominated cities like Barcelona and Madrid and people’s incomes have failed to keep up. Pressure on Spain’s housing market has been exacerbated by overtourism and the proliferation of short-term holiday ...
Airbnb has hit out at the new Spanish restrictions, claiming that they will have severe consequences for income and jobs.
Airbnb on Tuesday responded to comments made by Spain's premier in which he blamed them for the increase in rental prices in the country and promised tougher laws against short-term rentals.
Spain is the most popular sun destination for Irish holidaymakers, who flock year after year to the mainland, Canary and Balearic islands.
Protesters have demanded change in popular tourist spots across Spain and visitors dining in the city of Barcelona were even squirted with water pistols last July. A ban on short-term holiday rentals in that major city is due to be implemented from 2028, with the mayor saying it will increase housing supply for residents.
Headlines circulating this week suggest British tourists could be unwelcome on Spanish soil – so what’s the reality?
While you'll still be able to book trips to Spain, Spanish governments are instituting regulations that may effect your trip.
Existing rentals, hotels and Airbnb will continue to house tourists (except for a small number of rentals that were registered after February 22, 2024), however, the registration of new ones in the area’s 43 districts will be prohibited.
Airbnb Spain says the fundamental problem is not enough houses being built. “In the last decade, Spain has built fewer homes than at any point since 1970,” a spokesperson told Euronews Travel.
Airbnb Inc . (NASDAQ:ABNB), the leading online marketplace for short-term lodging and experiences, finds itself at a critical juncture as it grapples with slowing growth in core markets while aggressively pursuing international expansion and new product initiatives.