Residents, authorities, hoteliers grapple with global sharing economy

World tourism and the sharing economy

Protests by residents and lobbying by hoteliers are forcing governments globally to toughen their stance on the accommodation sharing economy. Spain’s Balearic Islands has announced it will penalise landlords for illegally renting apartments to tourists with fines of up to 40,000 euros (~US$47,000). Renting apartments without a licence was banned in the Balearic Islands in […]

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