Los Angeles Times

Airbnb data

Much of the website’s revenue comes from landlords operating like unregulate­d lodges, study says.

- By Hugo Martin hugo. martin@ latimes. com Twitter: @ hugomartin

Nearly a third of the revenue generated by Airbnb in major markets comes from full- time listings, a hotel group says.

Nearly a third of the revenue generated by the shortterm rental company Airbnb in major markets comes from homes and apartments that are rented out on a full- time basis.

That was one of the conclusion­s of a study commission­ed by the American Hotel and Lodging Assn., a trade group for the nation’s hotels. The group said the f indings point out a “very disturbing trend” that suggest the rentals are operating like “unregulate­d hotels.”

Airbnb called the study deeply f lawed.

“This report uses misleading data to make false claims and attack middleclas­s families who share their homes and use the money they earn to pay the bills,” the company said in a statement.

The study, which focused on 12 of the nation’s largest metropolit­an areas — including Los Angeles, San Diego and San Francisco — found that 30% of Airbnb’s revenue comes from properties that are offered at least 360 days a year.

The study highlights a common beef that neighbors have about short- term rentals. A lawsuit was f iled this week in Los Angeles accusing a landlord of driving tenants out of a Hollywood apartment building to rent out the units through Airbnb and other online sites.

In the Anaheim neighborho­ods near Disneyland, residents have complained so loudly about the growing number of homes that have been converted into fulltime short- term rentals that the City Council has adopted a moratorium on new rental permits while it considers new regulation­s.

The new study, completed by a Pennsylvan­ia State University professor with funding from the hotel trade group, also found that 17% of Airbnb landlords in the 12 big metro areas rent out two or more properties.

Katherine Lugar, chief executive of the American Hotel and Lodging Assn., said the findings emphasize the need for cities and states to adopt legislatio­n that imposes the same restrictio­ns on short- term home rentals as on hotels.

“This report shows a troubling trend as a growing number of residentia­l properties are being rented out on a full- time, commercial basis, in what amounts to an illegal hotel, and using Airbnb as a platform for dodging taxes, skirting the law and f louting health and safety standards,” Lugar said.

The hotel industry has long been critical of shortterm rental companies such as Airbnb, but the study represents the first time the industry has compiled data to support its claims that such businesses operate much like regular hotels without having to meet health and safety standards.

Still, 2015 is expected to have been a record year for hotel occupancy rates and revenue, thanks to increasing demand for lodging and a rebounding economy.

Short- term rental websites such as Airbnb are a relatively new concern for the U. S. hotel industry, which operates about 53,000 hotels and 5 million rooms. Industry leaders have grown increasing­ly critical of such sites as they have gained popularity. Airbnb now lists more than 2 million properties around the world.

Newspapers in English

Newspapers from United States