The Paris court fined Airbnb, the popular vacation rental market.
According to the court, the technology company did not comply with local legal requirements when placing its apartment on the platform. Airbnb must pay $9.6 million to the city of Paris.
This decision took several years. Like many other major cities in the world, Airbnb has had a significant impact on the Paris housing market. Many apartments have disappeared from the housing market and are becoming permanent apartments for Airbnb. In 2017, if you live in Paris, hosting your home on Airbnb will become a bit difficult. For example, you cannot rent an apartment for more than 120 nights a year.
Therefore, owners will think twice before switching from permanent tenants to Airbnb customers. As there are multiple vacation rental platforms, the City of Paris has introduced a registration system.
If you want to advertise your apartment on Airbnb, you need a registration number. Platforms such as Airbnb must apply for this registration number and limit listings to 120 nights per year.
The mayor’s office initially stated that about 1,000 apartments were not properly registered. They send the list to Airbnb and ask for approval. In 2019, the City of Paris sued Airbnb for the same reason.
Due to some regulatory changes, responsibilities have been divided between the host and the platform. This is today’s fine. Ian Bross, the deputy mayor of Paris, said in a statement: “This is the first time that a local government in France has won a lawsuit against a technology giant.”
The platform is finally responsible. For Parisians, this is a wonderful victory. Airbnb told AFP that 95% of the listings in Paris last year were booked for less than 120 nights. This means that the last 5% of the listings were booked for less than 120 nights. Advertising accounts for 5% of the night.
The Paris court fined Airbnb, the popular vacation rental market. In 2019, the City of Paris sued Airbnb for the same reason. Airbnb told AFP that 95% of the listings in Paris last year were booked for less than 120 nights.