Airbnb faces EU guest data regulations

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Under draft European Commission legislation Airbnb will have to supply data on the number of guests using the platform and how many nights they stay to national authorities.

It will also be required for other short-term rental sites.

The data will be stored and can be accessed by relevant authorities in respective countries.

Data will be stored at a single digital entry point.

According to sources, the EU will announce the measures next week.

It is being implemented to ensure consistent rules across the EU bloc rather than the current patchwork of regulations.

It proposes’ light-touch rules’ for short-term rental operators.

It comes as Airbnb posted record profitability in the third quarter.

Net profit jumped 46% year-over-year to $1.2 billion.

“Guest demand remains strong,” Airbnb said.

source: Travel Mole