Exclusive: Light touch rules for Airbnb are set for an EU agreement next week. According to three individuals who know the situation, MPs from the European Parliament and EU nations are expected to reach a consensus on loose regulations for Airbnb (ABNB.O) next week.
Other newly enacted EU regulations, which take a firm stance against Big Tech to limit their influence and compel them to do more to monitor their platforms for unlawful and harmful online content, stand in stark contrast to the light-touch approach.
The European Commission put up regulations for short-term rental services last year to address the disarray of national laws that govern Airbnb and related businesses throughout the 27-country region.
On November 15, officials from European Union member states and legislators will convene to finalize the regulations.
According to the sources, the final version of the regulations would largely resemble the Commission’s proposal, which calls for short-term home rental firms to give national authorities information on the number of people using their services and the number of nights they stay.
The government will monitor their plans and may impose sanctions for noncompliance. According to the person, next week’s meeting will be centered on technical matters that are unlikely to prevent an agreement.
Some will try to block a Spanish plan letting towns prohibit using Airbnb in specific regions and require users to pay registration fees. Rules spanning the EU, according to Airbnb, would mark a turning point for short-term rental businesses.
Co-founder and chief strategy officer of Airbnb Nathan Blecharczyk told Reuters, “We hope they will serve as a global example of clear rules that give guidance to platforms and authorities on how to share data and make proportionate rules work for everyone.”
“We will take this opportunity to kickstart a new chapter in our collaborations with cities and governments and work together to protect housing and support sustainable tourism across the EU,” he stated.
Tourist hotspots like Paris, Venice, Barcelona, and others accuse Airbnb of worsening the housing crisis by displacing lower-class citizens.
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