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Short term rentals to be taxed in Culver City after agreement with Airbnb
Reading Time: < 1 minuteUnited States: Culver City will soon be collecting taxes on short-term rentals made through Airbnb after the city council instructed staff to enter into a voluntary agreement with the short-term rental platform. The decision was made last week as elected officials instructed city staff to seek a transient-occupancy tax voluntarily through an agreement with Airbnb. […]
Landlords in Dubai turning to short-term rental homes for income
Reading Time: 3 minutesDubai: Dubai’s property landlords are increasingly opting to take in travellers staying for five days or more via sourcing platforms offering short-term rental options. In doing so, it benefits the wider market for short-term stays as brand new apartments and villas are being used, rather than sitting empty before a full-year tenant shows up. Vinayak […]
Seaside hotspot residents in Australia out-priced by Airbnb renters
Reading Time: 2 minutesAustralia: Wealthy tourists could be forcing seaside hotspot residents out of their homes as Airbnb provides investors with healthy income streams. The CEO of RiskWise Property Research, Doron Peleg, warned long-term renters were also being impacted in areas such as Byron Bay as they were unable to pay the same rates as short-term letters. Peleg […]
Government in the Bahamas urged to introduce vacation rental tax structure
Reading Time: 2 minutesBahamas: A Family Island resort operator has urged the Bahamian government to ‘get a handle’ on the vacation rental industry and bring in a tax structure to collect the “millions” it is currently forfeiting. Edwin Mulford, a long-time boutique resort operator on Cat Island, reiterated concerns that the government was missing out on significant tax […]
HotelRunner launches Airbnb API Integration to support boutique hotels and B&Bs
Reading Time: < 1 minuteWorldwide: HotelRunner, the leading sales channel management platform and B2B network for hotels and OTAs, has launched an integrated technology development with Airbnb. The two-way API connectivity will allow host to list their property rooms on Airbnb directly, so they can reach out to the rest of the Airbnb community. Properties that use HotelRunner will […]
Airbnb’s UK tax bill last year disclosed
Reading Time: 2 minutesUnited Kingdom: Airbnb paid just under £600,000 in the United Kingdom tax last year as chancellor Philip Hammond called for a unilateral digital services tax to be imposed on tech companies. Financial accounts due to be published on Companies House later this week revealed Airbnb paid £596,992 in corporate tax in the year ending December […]
Washington D.C and Airbnb to fight over proposed second home rental bill
Reading Time: 2 minutesWashington D.C: Washington D.C. and Airbnb are set to fight over a proposed bill which would prevent homeowners from renting out their second homes through Airbnb or other short-term rental companies. Advocates of the bill say blocking second home rentals would preserve neighbourhoods and prevent buildings from being turned into hotel-like properties with travellers coming […]
Older Airbnb hosts or ’empty nesters’ on the rise in Ireland
Reading Time: 2 minutesIreland: The number of older Airbnb hosts – also known as ’empty nesters’ – is rising at a rapid rate in Ireland. Airbnb say people over the age of 60 are the fastest-growing host demographic, with the numbers increasing 34 per cent since last year. There are now more than 3,300 hosts in this age […]
Second home buyers turning to investment opportunities with holiday lets
Reading Time: 2 minutesWorldwide: More second home buyers are renting out their homes to cover high costs rather than purchasing them for their own exclusive use, according to research. Buying second homes before leasing them out as shared accommodation has grown sharply in the past two decades, due to the surge of online lettings sites and Airbnb. Estate […]
Rise in Airbnb properties in Cornwall led to overcrowding this summer
Reading Time: 3 minutesCornwall: The rise in Airbnb properties in Cornwall on the market led to major overcrowding issues in the county this summer. Visit Cornwall said there were about 9,000 Airbnb properties in Cornwall in August, compared to just 17 in January 2016. Malcolm Bell, chief executive officer for Visit Cornwall said the gridlocked roads were down […]