Despite many countries recently introducing legislation to restrict the use of Airbnb, the platform continues to grow in five main European cities – London, Amsterdam, Berlin, Madrid and Paris – according to Colliers International.
Marc Finney, head of hotels & resorts consulting, Colliers International, said: “As the scale grows, the lack of regulation becomes a greater concern to many, and rightly so. It is interesting though that despite the growth, we’re seeing relatively little negative impact on the hotel sector with London hotels achieving similar results to last year. In a lot of ways, Airbnb is a different product offer, and one that now benefits from better visibility. Despite its growing influence, we’re still finding strong business cases for proposed hotels in our development advisory work.”
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