Cosmos and Avalon UK Chief Executive
Officer Giles Hawke called for increased regulation of new market entrants, including Airbnb and Uber, claiming they have been driving overtourism, while harming the destinations they operate in by pricing locals out of the market.
“The concept of it is good,” he said.
“The reality is it’s probably gone further out of control than Airbnb might have expected. “The way that Airbnb talk about it is people get to go places, to live like the locals and live in the local community.
“The reality is that in a number of places there are whole apartment blocks taken up by Airbnb, people just letting out their apartments, so they’re not living like locals, they’re just with a bunch of other tourists.”