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Allison Armour loves fashion, but doesn't need to keep it in her closet.
New restrictions on Airbnb and similar services in Los Angeles went into effect this week, driven by complaints that an explosion of short-term rentals has turned apartment buildings into hotels and pinched the city’s already tight housing supply.
After weeks of being bombarded with leaflets, television ads and door-knocking canvassers, Jersey City residents will vote Nov 5 on new restrictions on home-sharing companies like Airbnb Inc.
Zhang Yan learned first-hand how the coronavirus is ravaging China’s once booming real estate economy. The Shanghai landlord on Internet home-listings platform Danke was surprised when she recently got a terse notice from the company declaring it would withhold all rental payments for a month because of the epidemic.
By mid-March, John Lyotier’s travel software business Left Technologies Inc was cratering with the spread of the pandemic. Seeking to cut costs, he reached out to his office landlord, who offered rent relief. Then he contacted Amazon.com Inc, asking to “explore creative financing opportunities” for his monthly cloud-computing bill.
Car-sharing unicorn Turo is seeing business at its UK operation rebound from the Covid-19 lockdown.
AI simulators that replicate the driving experience can save operators rental, labour and equipment costs. To a certain extent, they may replace traditional driving instructors, although students still need to go on real roads at some point.
Americans lobbying in support of racial equity can use a data tool launched on May 6 to illustrate inequalities faced by their communities around housing, wages and more.
The policy brings those involved in the home sharing business under the same rules that have applied to the country’s hotel industry for decades.
Airbnb Inc’s founders were moments away from merging their China business with local competitor Tujia in January 2017. Executives and investors spent hours hashing out a deal. Preliminary term sheets were drawn up. Then in the final hour of negotiations, Airbnb pulled out.