AIRBNB NEWS
Barcelona trip on mind? Be prepared to pay higher tourism tax
Barcelona plans to increase its tourist tax to €4 per night from the current €3.25 starting October 2024, aiming to generate €20 million more annually, reports Schengen Visa News. The tax varies by accommodation type: €1.70 for four-star hotels, €2.25 for Airbnb rentals, and €3.50 for luxury hotels. Cruise passengers staying less than 12 hours pay €3, while longer stays incur a €2 fee.
Nordic "coolcations" turn up the chill factor
Cati Padilla and other tourists from southern Europe are increasingly opting for "coolcations" in Nordic countries like Norway and Sweden to escape the summer heatwaves. The trend is driven by a desire for cooler weather and less crowded destinations. Norway saw a 22% increase and Sweden an 11% rise in foreign overnight stays in 2023, influenced by the easing of Covid restrictions and fluctuating Scandinavian currencies.
Viral: Bengaluru techie couple wants ideas on how to spend post-tax salary of Rs 7 lakh per month
A Bengaluru couple, both software engineers with a combined monthly income of Rs 7 lakh post-tax and no children, seek advice on spending their surplus of ₹3 lakh monthly after expenses. Their dilemma, shared on Grapevine app, garnered humorous responses like adoption requests and serious suggestions including investing in real estate and donating to charity.
Shimla water crisis: Tourist-packed hotels scramble for water as supplies drop sharply
This summer, extreme heat waves have hit India's northwest region, worsening a severe water crisis in Himachal Pradesh, especially in Shimla. The city, which usually needs 43 million liters of water daily, now receives only about 30 million liters, necessitating water rationing every 3-4 days. The demand spikes to 48 million liters during the tourist season. Hotels are buying water from private tankers.
'Home Alone' house is expected to fetch $5 mn at US auction!
The "Home Alone" house, in the Chicago suburbs, is on the market for $5.25 million, according to a Zillow listing. "It's a chance to own a piece of cinematic history," said the listing, which went live on Friday. The house was last sold in 2012 for $1.59 million.
Janhvi Kapoor's Chennai home now listed on Airbnb: Check out other celebs renting out their mansions
Bollywood actress Janhvi Kapoor's childhood home in Chennai, once owned by her late mother Sridevi, is now available for an exclusive stay on Airbnb's Icons category. Guests can immerse themselves in luxury, enjoy authentic South Indian cuisine, and experience personalized hospitality, making it a unique opportunity to step into the world of Bollywood glamour.
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Axis Bank stops redemption of credit card reward points earned by these customers; asks for proof of usages
Axis Bank credit card: Axis Bank has suspended redemption of credit card points for some customers as they suspect that its Atlas credit card was used in violation of its cardholder's agreement. According to the Bank, its senior level officers have found this out after a long investigation. However some customers allege that they did not violate the cardholder's agreement. Read here to find out what happened.
Macro tailwinds continue; 7 hotel stocks from large, mid and smallcap space, one with upside potential of up to 27%
Thirty years back in 1994, when the Indian market witnessed the first round of bull run after the Harshad Mehta scam, the sector which was on top gainer list was the hotel sector. In those days, the logic given in the brokerage research reports, which used to come out very infrequently and were miniscule in numbers, was that as the Indian economy opens up, more foreign business travellers would be coming to India. That will lead to higher occupancy and it is not easy to set up a 5 star hotel so the demand supply equation would be in their favour. Today there is an element of foreign travellers but more importantly, the unstoppable traveling Indians along with domestic business travellers who are creating a situation where once again demand is higher than supply leading to a situation which is favorable for the bottomline of hotel companies. The question is are the valuations cheap, surely not, but is the growth likely to be stronger and stable? The answer is probably yes. We take a look at 7 stocks, some of which are not rated, but their over score is positive to neutral.
Guests invited by Christina Aguilera to join her for an Airbnb stay in Las Vegas
Christina Aguilera, an American actress and singer–songwriter is in the midst of a new Las Vegas show. She is inviting guests for a two-night stay at a luxurious Airbnb house off the Strip.
Airbnb agrees to pay $621 million to settle a tax dispute in Italy
Short-term rental platform Airbnb has agreed to pay 576 million euros ($621 million) to settle a years-long dispute over unpaid taxes in Italy but said it won't try to recover the money from its hosts.
Welcome to Hochatown, the town created by Airbnb
Before the pandemic, Hochatown had roughly 400 cabins for rent on Airbnb. There are now more than 2,400 -- a staggering 413% increase in five years, according to AirDNA, a short-term rental business site that tracks Airbnb data. In September, the town collected its first month's sales tax, totaling $456,000, and hopes to eventually reap as much as $1 million in tax revenue a month.
Watching pandals being built
The process of building pandal begins weeks before the actual festival, as dedicated artisans, electricians and decorators collaborate to construct these gorgeous structures. The mastery of these craftsmen, their skill in shaping bamboo, wood and cloth into awe-inspiring structures is a testament to their art and craft.
Ashton Kutcher and Mila Kunis open their Santa Barbara retreat on Airbnb: How to book
Actor couple Ashton Kutcher and Mila Kunis announced that they will be renting out their guest house through Airbnb.
Exclusive: Airbnb’s Brian Chesky on India’s potential; over 50% staff at Indian unicorns seeking jobs
Bouncing back from Covid-19, Airbnb in 2022 saw a 70% growth in overnight bookings in India, one of its biggest markets, CEO Brian Chesky told us in an exclusive chat. This and more in today’s ETtech Morning Dispatch.
Airbnb owner receives Rs 1.28 lakh bill after guests leave gas on and taps running for 25 days
An Airbnb owner in Seoul received a huge bill of Rs 1.28 lakhs after the guests left the gas and water running for 25 days.
Online hospitality major Airbnb lays off 30% of recruiting staff
During the company's quarterly earnings call last month, chief financial officer Dave Stephenson said it is going to hire more people.
Airbnb is banning people who are “closely associated” with previously banned users. Here's why
Airbnb, which allows people to rent out their homes or stay in the homes of others, has a policy that restricts accounts of people who are likely to travel with the person who has been removed from the app for safety reasons.
Earn by ‘hosting’ via Airbnb: 15 ways to increase your rental rate
Profit from the unused space in your house by renting it out for short-term stays to travellers.
Airbnb obliged to provide information to tax authorities: EU court adviser
Airbnb has in recent years found itself at loggerheads with authorities in several European Union countries, arguing that taxation and other requirements contravene the EU principle of the freedom to provide services across the 27-country bloc.
Worried about soaring travel costs? Here’s how you can fly for cheap
Despite a recent uptick, the cost of airfare has actually been dropping for years.
Russia fines Twitch, Pinterest, Airbnb, and others for alleged data storage violations
Moscow has clashed with Big Tech over content, censorship, data and local representation in a simmering dispute that has erupted into a full-on battle since Russia sent tens of thousands of troops into Ukraine on February 24.
Airbnb can now help you build your dream house that can be let out
The home rental platform has launched a $10-mn global fund to create out-of-this-world homes.
Blitzscaling can take your portfolio valuation up quickly, but you can fall badly too
Besides startups, many new areas are now actively deploying blitzscaling. Hindi movie distribution is one such area — the release is hyped beyond measure to make sure that the maximum business is done in the opening weekend even before viewers’ opinions have a chance to spread. Also, increasingly and sadly, to finance as well.
Airbnb allows employees to live and work from anywhere
Millions of people switched to working remotely during the pandemic to limit potential exposure to COVID-19. Companies are beginning to ask those workers to come back to the office, at least on a hybrid basis, including other tech companies such as Facebook parent Meta and Microsoft. Remote work and flexibility "will become the predominant way that we all work 10 years from now," he said.
View: A war of surprises in Ukraine, both tragic and inspiring
How does a leader go from one day saying Ukraine and its people are integral parts of the soul and fabric of Russia — with shared languages, culture and religion — to, when rebuffed, immediately pivoting toward turning the place to rubble without any explanation to Ukrainians, the world or his own people?
Airbnb to provide housing for up to 100,000 Ukrainian refugees, says CEO Brian Chesky
Airbnb.org, a nonprofit established by the home-sharing company, will work with resettlement agencies and NGOs to place Ukrainian refugees across the world.
Airbnb sees strong first-quarter revenue on travel demand, longer stays
Strong demand helped push up prices charged by hosts, with average daily rates during the fourth quarter up 20% at $154. The company expects the higher rates to bolster first-quarter results.
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