Airbnb agrees to limit private rentals in London, Amsterdam
Thursday, 1 December 2016 THE HAGUE, Netherlands (AP) — Airbnb will start enforcing limits to private home rentals in two popular European cities on the home-sharing platform, London and Amsterdam, the company said Thursday. In London, a typical Airbnb host earns 3,500 pounds ($4,408 ) by sharing their space for 50 nights a year. Since the company launched in 2008, when the co-founders invited travelers to sleep on an air mattress in their San Francisco loft, Airbnb has grown to be one of the world's most valuable private startups by collecting fees when private hosts rent out accommodations listed on the site.
Airbnb announced for the first time that it would enforce a legal limit on the number of nights a year a host in London and Amsterdam can rent out a home. Thursday's announcement, coupled with several deals made over the past year, shows the company has started to offer more compromises to make peace...
San Francisco-based short-term rental site Airbnb has acquired two companies as part of a strategic push to appeal to more travelers, including buying a British... bizjournals - BusinessAlso reported by •Reuters