Airbnb News Updates and Q&A
Summary
This article discusses several recent Airbnb updates, including potential new regulations in Switzerland and the cancellation of the co-host split payment option. Hosts should be aware of these changes and the potential impact they may have on their operations and income distribution.
Key Insights
- •Airbnb is canceling the co-host payment split option starting August 1st, 2018.
- •The Swiss government is proposing new Airbnb-friendly regulations requiring tenants to obtain permission from landlords before renting on Airbnb, although landlords can only refuse for good reasons.
Action Items
- ✓Hosts using the co-host split payment option on Airbnb should find an alternative method for dividing income with co-hosts, cleaners and managers before August 1st, 2018.Effort: lowImpact: medium
Common Mistakes
- ⚠Hosts may face operational challenges if they do not find an alternative payment system when the co-host split option is removed on August 1st, 2018.
More from Regulations & Compliance
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Palm Springs, CA considers a new tax on hotels and short-term rentals, with funds earmarked for the Convention Center. The proposed tax aims to boost tourism infrastructure by generating additional revenue. This could impact host profitability and market competitiveness in the region.
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