A new report from UBS seems to suggest that stricter regulations on short-term rentals in cities such as New York and Barcelona are, in fact, having a negative impact on Airbnb’s business.
According to a report compiled by the UBS Evidence Lab, Airbnb listings and bookings on a global basis are growing at a considerably slower pace than just one year ago.
Although listings in Airbnb’s seven largest markets grew 40 percent year over year and nights booked grew 60 percent year over year from December 2016 to February 2017, the pace of growth has decelerated. The report’s authors suggest this is the case because there are simply more listings globally, and also because of regulatory action in some of Airbnb’s top markets.
To compile the report, UBS reviewed data on nearly 1 million listings from approximately 127 different Airbnb markets worldwide, 25 of which are in the U.S., over a period of December 2016 to February 2017.
In particular, looking at data for New York City and Barcelona, two cities which have enacted much stricter short-term rental legislation within the past year, researchers noted declines in booked nights and available listings. The number of available listings in both cities was down approximately […]