How Airbnb Can Hurt Both Businesses and Consumers
Airbnb has landed with force just about everywhere
Airbnb has been a popular platform for travelers and those looking for a cheaper lodging option. However, there are certain risks that need to be considered by both consumers and businesses.
There are safety concerns for consumers when using Airbnb. Although the platform has some safety measures in place, there are still risks of encountering untrustworthy landlords or tenants or staying in a place that is risky.
Owners of Airbnb rentals are often not subject to the same regulations and requirements as hotels and other lodging establishments. This can lead to lower prices on Airbnb, but it can also disadvantage hotels and other lodging establishments that do have to comply with certain regulations.
Another reason Airbnb may be considered unfair competition is that the platform has a business structure that allows it to avoid certain regulations and responsibilities. Since Airbnb only acts as an intermediary between landlords and tenants, it is not considered a lodging establishment and therefore is not subject to the same regulations.
Gentrification and displacement
Another risk is the gentrification of certain areas. As more and more tourists opt to rent through Airbnb instead of staying in a hotel, this may lead to an increase in housing prices in those areas. This can displace people who already live there and cannot afford the higher rents.
It’s no secret that Airbnb has had a huge impact on the real estate market. But what does this mean for people living in areas where Airbnb is most popular?
For renters in Mexico, the most significant change has been in their ability to find affordable housing in Mexico City. When Airbnb first became popular in Mexico City, there were far fewer people renting their homes as short-term accommodations than there are today. This means that renters looking for a place to live had less competition from other renters but now there are more renters chasing the same apartments.
There are some serious problems with this: most notably, many landlords now charge higher rents because of the increased demand created by Airbnb.
Airbnb’s growth in Mexico and its relationship with remote workers
Take Mexico, for example. Airbnb’s growth there has been a boon for the country. However, the company’s expansion has also come with some risks.
The rise of digital nomads and remote workers has increased the demand for housing options in Mexico, making it an attractive place for foreigners who want to live abroad while earning their salary in foreign currency. This has led to an increase in demand for short-term rental properties, such as Airbnb listings.
However, this rapid growth has also come with some risks. For example, many people have complained of being displaced from their homes due to rising rents and real estate prices caused by the influx of tourists to their neighborhoods and colonies.
In addition to this issue, there has also been concern about how Airbnb may be affecting local communities by increasing housing prices or disrupting local businesses that rely on foot traffic from nearby residents rather than tourists who only visit once or twice a year before moving again to another location entirely.
It is important to keep in mind that the growth of Airbnb not only has effects on consumers and businesses, but also on the housing market in general. A balance needs to be struck between offering affordable and flexible accommodation options to travelers and protecting access to affordable housing for people already living in the country.