NasdaqGS:ABNBHospitality
Cape Town Tax Hike Tests Airbnb Hosts And Long Term Growth Story
Cape Town plans to significantly increase municipal rates on short term rental properties, including Airbnb listings.
The move is aimed at addressing housing affordability pressures in the city.
The decision targets hosts using platforms such as Airbnb, tightening the cost of operating short term rentals.
For Airbnb, listed as NasdaqGS:ABNB, Cape Town’s proposal fits into a broader pattern of city level rules that are reshaping how hosts can use residential properties. Short term rentals...