European lawmakers have agreed on a draft regulation for data collection and sharing for short-term rental services

  • 12
The landlords and online platforms will have to send monthly reports to the authorities.

What has happened? European regulators have agreed on a draft regulation for data collection and sharing for short-term rental services. 

Details. The new rules bring in unified registration for hosts and short-term rental properties, as well as the provision of a unique registration number that will be displayed on websites and platforms selling the properties. The main idea is to improve the collection and exchange of data from hosts and platforms.

 The plan is to use the data to add to existing tourism statistics and help administrations across the European Union to combat fake listings. Regulators also agreed to align the rules with relevant provisions of the Digital Services Act.

The conditions for owners and intermediary sites include submitting activity data to the authorities every month, while small and micro online short-term rental platforms are only required to submit the data every quarter.

Earlier this year, regulators agreed on a common approach to collecting and sharing data from short-term accommodation platforms such as Booking.com, Airbnb, Tripadvisor and Vrbo.

Context. Europe has seen a boom in short-term holiday rentals in recent years and now accounts for almost 25% of total tourism accommodation in the region.

Please read also: The short-term rental sector in the EU has strengthened by 50% over the year

Source: Phokus Wire

Photo by Guillaume Périgois on Unsplash

Quoting conditions of Prian.info materials

Share the link:
Tags: Rent, Market Analysis, Investment, Real Estate

Read also

Greece is experiencing a tourism boom, with visitors increasingly preferring rental accommodations
The central bank has published the sector statistics for the first quarter of 2024.
The Parliament of Cyprus is going to consider the new law on jointly owned buildings
This will principally affect apartment complexes.
Hungary launches new golden visa program
Residence permits will be provided for those who purchase expensive properties
Czech Republic is going to increase property tax next year
Property tax rates will increase to approximately 1.8 times their current value
Housing prices in Croatia continue to rise
Croatian house prices have increased by 11.9% year-on-year in 2023
The German market is declining, but investors are choosing Berlin. How come?
This fact seems to be a paradox. But there is a completely reasonable explanation for it.

Interesting to read