Tag Archives: Airbnb

Adrian Loveridge Column – What is Airbnb?

Despite all the current challenges, according to news agency Reuters, San Francisco based home sharing giant, Airbnb, is scheduled to launch an Initial Public Offering (IPO) possibly in this December. Pundits have widely speculated that it could achieve a company valuation of more than a mind boggling US$30 billion, citing the justification was to take ‘advantage of the unexpected sharp

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The Adrian Loveridge Column – Online Booking Agents Are the Disruptors

It’s now almost impossible to comprehend that only 25 years ago, Online Travel Agencies (OTA’s) did not exist. Today these third party booking platforms dominate the entire travel industry in almost every aspect of supply and service. Of the various entities that stand out is the Expedia Group, originally founded as a division of Microsoft in October 1996 before being

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The Adrian Loveridge Column – Local Hotelier Sounds Off on FLOW ad Ask a Question of Airbnb

Seemingly never far from controversy or hoisting its own petard, Airbnb has recently claimed that it has generated US$6.5 billion for restaurants around the world in the last 12 months. Across the 10 European cities cited in the report, including London, Paris, Berlin and Barcelona, guests have spent more than Euro 2.5 billion, Euro 700 million more than the previous

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The Adrian Loveridge Column – Airbnb Should Be Taxed Like Other Businesses in the Sector

According to various media reports the controversial alternative home renting portal, Airbnb has already signed over 300 regulatory tax collecting agreements worldwide. Bearing in mind the cash strapped situation our Government finds itself and the recent imposition of yet more taxes, which according to private sector spokespersons have further dampened spending and any hope of stimulating the economy, it is

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The Adrian Loveridge Column – Airbnb Push

I must admit that after hearing the phrase Memorandum of Understanding (MoU) after the still to be fully explained 3S SRL (road widening project), then more recently the companies associated with the Barbados Sandals development, CPH Property Holdings and Grand Cass Management, not of course forgetting the Cahill saga, it is perhaps no wonder that many of us have developed

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The Adrian Loveridge Column – Airbnb Participants Possibly Violating Mortgage Agreement

According to a recent UK Telegraph newspaper article, almost 80,000 British home owners are earning income by renting part or all of their homes through Airbnb – ‘and this number is doubling by the year’. The popularity of the short term rentals website was boosted further in last April’s budget when the Chancellor of the Exchequer gave a GB Pounds

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The Adrian Loveridge Column – Level Playing Field Required to Encourage Greater Sector Investment

Sometimes it is fascinating how numbers can be used to create what at best is a false impression and at worse what can simply be described as ‘fake news’. In one media report a Government spokesperson is boasting of the increase one property on the South coast has made to recent arrival numbers. The fact that seems to be lost

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The Adrian Loveridge Column – Call to Remove VAT On Accommodation and Breakfast to Spur Growth

The Government of Argentina has taken the bold move to remove, with immediate effect, the 21 per cent VAT (value added tax) on accommodation and breakfast, where included in a package element on hotel stays for foreign tourists. There are of course conditions. To qualify, payment must be made by a foreign credit or debit card and the name, address,

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The Adrian Loveridge Column – Airbnb Strikes Strategic Alliance with Resy

Airbnb has taken yet another step in its quest to broaden its influence beyond accommodations, according to a recent article in the industry news source, TravelMole. It has led a US$13 million funding round in the dining booking app Resy Network Inc, which values that company at around US$70 million, not bad for a business that was only founded in

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The Adrian Loveridge Column – Airbnb and the TAX Conundrum

What can only be described as a battle royal to bring the ‘home sharing platform’ Airbnb into line with the traditional compliant taxpaying alternative accommodation providers is intensifying in the United States. In a recent report by AllTheRooms it is estimated that about US$440 million in tax would be payable if Airbnb had collection agreements with all 50 of the

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The Adrian Loveridge Column – Bed and Breakfast Pose a Risk

It was of course almost inevitable, but hopefully it will send a very strong message to our tourism planners and policymakers that if we portray ourselves as an ‘iconic’ or ‘aspirational’ destination that there are responsibilities that could arise with the perceived status. After the collapse of a balcony at an Airbnb property in the southern English coastal town of

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