Money: Airbnb regulations coming as hospitality revenue declines - PressFrom - Canada

MoneyAirbnb regulations coming as hospitality revenue declines

08:30  11 september  2019
08:30  11 september  2019 Source:

Bonavista cuts off services for Airbnb operators with unpaid tax bills

Bonavista cuts off services for Airbnb operators with unpaid tax bills The Town of Bonavista is getting tougher in its attempts to collect taxes from Airbnbs popping up in the popular tourist destination. The mayor of Bonavista says said the town is taxing Airbnbs at the town's business rate, using the property's assessed value, to create a level playing field with owners of accommodations that are registered as businesses. "They are not registered businesses so it's kind of hard to go after them when you don't know their revenue and the value of their business so we have had to come up with our own formula," said John Norman.

The Tennessee Department of Revenue and Airbnb have reached an agreement that will allow the online-based hospitality company to collect and The change comes as Airbnb is in a contentious fight in Nashville, where the Metro Council is considering new regulations , including the possibility of

Got questions on Airbnb regulation regarding annual nights limit for your city? Read this article from iGMS to find answers. If you are running Airbnb business, these rules will likely affect you as well. That means that you’ll probably need to make some adjustments to your business plan if you still want

Airbnb regulations coming as hospitality revenue declines© Derek Putz / Global News Dragon's Nest Bed and Breakfast owner Rick Urbanski says the business has seen a decline as Airbnb surged in popularity.

Dragon’s Nest Bed and Breakfast has been a staple of Regina’s Cathedral neighbourhood since 2004. The three-storey character home is hard to miss with metal dragons on the property’s gates and 600-pound Chinese dragon statue greeting guests.

In the past three years, however, co-owner Rick Urbanski has noticed a drop off in business.

“In 2016, we generated just over $57,000 in revenue. An average decline of about $25,000 from the last five years - on average,” he said.

Airbnb hosts, short-term rental critics facing off over regulations at appeal hearing

Airbnb hosts, short-term rental critics facing off over regulations at appeal hearing A years-long battle over how to regulate short-term rentals in Toronto is continuing this week at the province's Local Planning Appeal Tribunal, with some arguing the city's proposed rules are a "deflection" from policymakers' attempts to fix an ongoing affordable housing shortage. The regulations, which focus on the short-term rentals available through companies such as Airbnb and Vrbo, were approved by council in 2018. Multiple hosts appealed the rules before they could be put into place.

Permissions. Whom should I notify that I'm hosting on Airbnb ? Contracts: Check your HOA or Co-Op Board regulations to make sure there is no prohibition Ensure you look up any permitting, zoning, safety, and health regulations that may apply. The governing authorities that regulate the use and

Am I penalized for declining them but sending a message to tell them that waiting for additional information from them? I am generally able to reply right away when a request comes in, though. Then I got a stern warning from AirBnB that I was declining too often and it could affect my listing.

He looked at his business to see what was going on and linked the decline to the growth of Airbnb and similar short-term rental services.

Dragon’s Nest is staying afloat, but Urbanski said he’s relying on returning guests and not seeing many new faces.

“Just over the weekend was the Queen City Marathon. Normally I'm full during an event like that and I had two people that weren't even running in the marathon,” he said.

Airbnb has seen major growth – just last week the company announced Regina saw more growth than any other city worldwide last year.

READ MORE: Regina sees largest increase in Airbnb bookings across the globe for 2019

Now a firmly entrenched business in many urban centres, Airbnb is drawing increased attention from regulators.

New rules would put a third of Airbnb listings out of business, and boost housing supply, tribunal told

New rules would put a third of Airbnb listings out of business, and boost housing supply, tribunal told More than a third of the city’s 21,000 Airbnb listings would disappear if the city’s short-term rental bylaws take effect. Those are the units operated by landlords with multiple listings that violate a key provision that would require hosts of short-term rentals to be the principal occupant of the home, according to the testimony of a McGill University researcher, who appeared before a tribunal considering an appeal of council’s approved rules. Planning professor David Wachsmuth, who holds a Canada Research Chair in Urban Governance, has led academic studies of the impact of Airbnb in several cities, including Toronto.

Many cities have imposed tough regulations on Airbnb hosts. How has anti- Airbnb legislation affected Berlin Berlin, Barcelona, San Francisco and Santa Monica have imposed tough regulations on Airbnb hosts This issue is particularly pertinent as it comes on the heels of a measure to restrict all

You should consult these rules or regulations to see if your listing is consistent with current zoning requirements or use definitions, or contact your local government directly. We're committed to working with local officials to help them understand how Airbnb benefits our community.

As first reported by the Regina Leader-Post, the Saskatchewan government is talking with the Airbnb and similar companies about introducing PST.

“We're hopeful that we can get compliance. You've probably heard from the hotel and hospitality associations, and they want a level playing field,” finance ministry spokesperson Jeff Welke said.

A level playing field is exactly what Regina Hotel Association president Tracy Fahlman is looking for.

“Our hotel industry to date, this is 2019, is running about 56-57 per cent occupancy,” she said.

“That's down two per cent compared to last year. So has the AirBNB, home-sharing sector taken a chunk out of that? Absolutely it has.”

Welke said talks on adding PST to Airbnb are going well, and charging the tax isn’t new for the company.

Airbnb rentals are subject to PST in B.C at eight per cent. Quebec charges a 3.5 per cent lodging tax. Some Ontario cities, including Ottawa, Barrie and Windsor all include a four per cent municipal tax on bookings.

Airbnbs threaten Toronto’s quality of life

Airbnbs threaten Toronto’s quality of life Toronto’s real estate regulations are the slowly boiling water, and we are the frog. Our bylaws governing short-term rentals have shot up the news cycle in the past few days. As the Local Planning Appeal Tribunal (LPAT) sits behind closed doors, Torontonians have a bigger decision to make: What kind of city do we want to live in and build together? It’s been humming as a low-grade threat in the minds of city dwellers. Most of us have heard about friends and neighbours having to move because of increasingly unaffordable rent or nightmarish landlords, while we see more and more vacant buildings and communities. The Toronto we know and love is being hollowed out.

Airbnb is a game changer for the hotel industry with many citing it as having dire effects on a property's long-term revenues and overall asset value. The example of Miami demonstrates the flip side to the San Francisco Airbnb story. Lack of regulation can be disastrous, but so is overregulation.

Airbnb gives a lot of flexibility when it comes to cancellation policies by allowing hosts to choose among The Super Strict 60 Days Airbnb cancellation policy works roughly the same as the Super Strict 30 Days They can leave you very little time to find a replacement guest or even lost revenue .

Global News reached out to Airbnb for comment but did not receive a reply.

READ MORE: “It’s been an absolute nightmare”: No vacancy in Regina for Heritage Classic

There is no public timeframe on when Saskatchewan may begin charging PST. Welke said there is no estimate on what kind of revenue this could bring in.

According to Fahlman, the Regina hotel sector will pay about $200,000 to $250,000 less PST to the province this year. She said that could be an indication of revenue lost to untaxed rentals.

That’s not the only area the conventional hospitality industry wants to see the playing field levelled.

Urbanski said he pays about $5,000 annually in licensing, safety, insurance and inspection fees. Dragon’s Nest has looked at posting their rooms on Airbnb, but runs risks of moving their established business to the platform.

“If I stop doing those kind of things, code-wise and everything, I don't know what would happen. I could lose my operational licence, I could be fined. I don't know I haven't tried it,” he said.

The City of Regina does have rules for Airbnb hosts on the books. They are supposed to register and get approval from the city, however only one has. A second is currently going through the process.

With upwards of 300 Airbnb accommodations in Regina, the city is looking at revising rules, and those are expected to be brought to council later this year.

READ MORE: Saskatoon starts looking into Airbnb regulations

The City of Saskatoon has been working on a report to inform local bylaws for a number of years. It was originally expected to be released in June. A city spokesperson said the report has faced some delays, but should be coming out this fall.

Until then, Urbanski is left working by the book. He’s checked out a few Airbnbs, and said some don’t even serve breakfast. He wondered how you can be a bed and breakfast without the breakfast.

Airbnb says it will go public in 2020 .
Airbnb says it will go public in 2020Airbnb disclosed the news in a brief statement. It didn't give a target date for the initial public offering or say why it thinks the timing is right. Airbnb was valued at $31 billion last year, according to Renaissance Capital, which researches IPOs.

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