Airbnb looks to Latin America, now its fastest-growing market
As Airbnb turns its attention to Latin America, the often-combative company is taking an unusual approach. It’s giving local governments what they want. The home and apartment-rental company said it will collect and remit taxes in Mexico City, the first such arrangement in Latin America. Airbnb will provide 3 per cent of revenue generated from bookings in Mexico City to the city’s government. Hotels there also pay a 3 per cent lodging tax to local officials. Airbnb said it intends to replicate the…
Airbnb exploring long-term Residential Rentals as an option
Airbnb has quickly become a favourite destination for travellers looking for somewhere to stay on vacation. Now the home-sharing startup is interested in doing the same for people who want to find a place to live. Airbnb is considering an expansion in the long-term rental business and has asked McKinsey & Co. to research the market, said two people familiar with the matter. The consulting firm’s work involves conducting competitive analysis of Craigslist, said the people, who asked not to be identified…
