HomeAway says San Francisco law favours Airbnb
San Francisco
HOMEAWAY Inc, the Texas-based online vacation rental company, has sued San Francisco to overturn a new law legalising short-term rentals that it says favours hometown rival Airbnb and discriminates against other tourist rental businesses.
An ordinance approved by city supervisors that Airbnb was involved in drafting grants the San Francisco-based company a local monopoly over the short-term rental business by adopting its business model, HomeAway alleged in a complaint filed in federal court.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co