July 20, 2016
While the tax is significant given that it will cut into hosts’ revenue, it remains to be seen whether it will be enough to ultimately trump the convenience and opportunity Airbnb offers homeowners in need of additional income over the course of the year. For travelers booking through Airbnb, the initial impact of these taxes could result in more expensive nightly rates as hosts look to make that money back. While some may be driven to bypass an Airbnb listing for a hotel room, renters will likely continue to benefit from the sheer volume of listings and the competition that results….
Source: http://www.foxnews.com/travel/2016/07/20/will-los-angeles-new-lodging-tax-hurt-airbnb.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+foxnews%2Finternal%2Ftravel%2Fmixed+(Internal+-+Travel+-+Mixed)
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