This is my talk from the Pirate Municipal Conference in Prague 22 Februar 2020. I talked about Airbnb in Prague and other cities, how short term rentals is a symptom of a problem, but not its cause, and looked into municipal regulations from around the world.
2. GREGORY ENGELS
Pirate Party Germany
Founding Co-Chairman and
current vice-chair Pirate
Parties International
IT-Entrepreneur / Hotelier
Member of City Council in
Offenbach (Germany)
6. AIRBNB AND SHARING
New York 2018:
• 28% of Revenue: Commercial operators that control multiple entire-home/apartment
listings or large portfolios of private rooms are only 12% of hosts but they earn more
than 28% of revenue in New York City.
• Top 10% of Hosts: The top 10% of hosts earned a 48% of all revenue last year, while
the bottom 80% of hosts earned just 32%.
7. NEW YORK
Two Thirds of Revenue from Likely Illegal
Listings: Entire-home/apartment listings
account for 75% ($490 million) of total Airbnb
revenue and represent 51% of total listings. 87%
of entire-home reservations are illegal under
New York State law, which means that 66% of
revenue ($435 million) and 45% of all New York
Airbnb reservations last year were illegal.
8. CITIES FIGHT THE SHORT TERM
Paris: 1,50 EUR tax per night
Barcelona: require host to get a license
Berlin, London: max 90 days per year
New York: Only shared rent <30 days
9. AIRBNB AND SHARING ECONOMY
• 13,500 Units of Lost Housing: Airbnb has removed between
7,000 and 13,500 units of housing from New York City’s long-
term rental market
• $380 More in Rent: By reducing housing supply, Airbnb has
increased the median long-term rent in New York City by 1.4%
over the last three years, resulting in a $380 rent increase for
the median New York tenant looking for an apartment this year.
In some Manhattan neighbourhoods the increase is more than
$700.
17. SOME RIGHTS RESERVED
COPYRIGHT 2020 BY GREGORY ENGELS.
EXCEPT WHERE OTHERWISE NOTED, THIS WORK IS LICENSED UNDER
THE CREATIVE COMMONS ATTRIBUTION SHARE ALIKE 4.0 LICENSE
18. QUELLEN UND LINKS…
airdna.co
The High Cost of Short-Term Rentals in New York City https://mcgill.ca/newsroom/files/newsroom/
channels/attach/airbnb-report.pdf
Squeezed Out: Airbnb’s Commercialization of Home-Sharing in Toronto https://fairbnb.ca/
Fairbnb_Report_Feb_29.pdf
Hotel Market Prague https://es.christie.com/christieMediaLibraries/christieSpain/PDFs-Publications/
20190628_Prague-Snapshot_final_1.pdf?ext=.pdf