July 29, 2016
While a convenient option for travelers seeking a home away from home or individuals looking to make extra money, Airbnb has led to adverse impacts on business and city economies. Recently the New York State Senate and Chicago City Hall passed bills that will prevent listings for illegal sublets — the business model that thrust Airbnb into the spotlight and enabled it to become one of the fastest-growing powerhouses in the technology and travel industries. The Anti-Airbnb bill, as it is publically referred to, has generated quite a buzz, stirring-up mixed opinions. While a convenient option for travelers seeking a home away from home or individuals looking to make extra money, Airbnb has led to adverse impacts on business and city economies. While a bill of this sort has not yet reached Philadelphia, they are making their way through major cities, and the benefits for the city far outweigh the costs….
Source: http://www.newsworks.org/index.php/speak-easy/item/95481-how-an-anti-airbnb-bill-could-benefit-philadelphia
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