Spain's consumer rights ministry blocks more than 65,000 Airbnb listings for holiday rentals
MADRID (Reuters) - Spain's consumer rights ministry said on Monday it had ordered Airbnb to withdraw more than 65,000 listings for holiday rentals from its platform, saying they violated existing rules.
The decision follows several government measures against a business blamed by authorities for exacerbating housing shortages and pushing up real estate prices.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
9 minutes ago
- Forbes
Real Madrid Will Pull Off This Genius Free Transfer
Real Madrid is set to pull off what could prove to be a genius free transfer according to Mundo ... More Deportivo, which cited anonymous sources. Real Madrid is set to pull off what could prove to be a genius free transfer according to Mundo Deportivo, which cited anonymous sources. President Florentino Perez has acted swiftly following a trophyless season in terms of major silverware, as bitter rival FC Barcelona swept a domestic treble in Spain. His first port of call was replacing head coach Carlo Ancelotti, who now oversees the Brazil national team, and replacing him with one of the game's most hyped young managers in Xabi Alonso. On the weekend that the 2024/2025 La Liga campaign drew to a close, Madrid then announced that it had activated Spain international Dean Huijsen's £50 million release clause at Bournemouth. This was Madrid's first piece of business in the transfer market, which was quickly followed by paying €10 million to get Trent Alexander-Arnold out of an expiring Liverpool contract earlier than June 30 so that he can play the World Club Cup in the United States. The newly-reimagined FIFA tournament with huge prize money on offer is one that Argentine wonderkid Franco Mastantuono is expected to play for his boyhood club River Plate. After the competition, however, he should then cross the Atlantic and complete his transfer to Real Madrid after Los Blancos came out of nowhere and renewed interest in the whiz kid at a time when Paris Saint-Germain and Manchester City appeared to be the frontrunners for his capture. To cap off a week where a delegation travelled Madrid looks set to pay the youngster's $51.5 million (€45 million) release clause after reaching an agreement with both the player and his current employer. Aged just 17, Mastantuono is a punt for the future alongside Endrick and Arda Guler. But Perez isn't done there in playing the long game, and while those mentioned three transfers around $170 million ($€147 million to be exact in euros), Perez is looking even further into the future and could have pulled off a major coup. This is because according to Mundo Deportivo, Ajax's Abdellah Ouazane will join Real Madrid's Castilla reserve team in July. Aged 16, he will do so at zero cost because the prodigy of Moroccan descent did not agree fresh terms with the Dutch club in what could prove to be another transfer market masterstroke.
Yahoo
28 minutes ago
- Yahoo
Real Madrid interest grows but Arsenal expect contract agreement
Arsenal Confident of New Lewis-Skelly Deal Despite Real Madrid Interest Rising star earns attention There are few greater compliments in football than being tracked by Real Madrid. For Myles Lewis-Skelly, that interest comes at the end of a breakout campaign which has firmly placed him among Arsenal's most promising young talents. Advertisement The 18-year-old made 39 appearances in all competitions for Mikel Arteta's side in 2024-25, having not featured at all for the senior team the season before. His progress has been rapid, not just in minutes and matches, but in stature. A senior England debut, a goal against Albania, and now headlines linking him to Madrid. Photo IMAGO Contract concern grows Arsenal are confident Lewis-Skelly will commit to a new long-term deal, yet there is some urgency. His current contract expires in 2026, and the parallels to Bukayo Saka's previous situation are all too familiar. Financial expert Stefan Borson, speaking to Football Insider, said, 'He will obviously stay at Arsenal… We know there's no way Arsenal are going to let him leave.' Advertisement That optimism is well-placed but does not mask the reality. Lewis-Skelly's emergence has occurred in an era where top clubs like Real Madrid are increasingly adept at exploiting contractual uncertainty. Having signed Trent Alexander-Arnold from Liverpool this summer, Madrid's interest in Lewis-Skelly feels credible rather than speculative. Internal confidence and external noise Borson is convinced this will follow the path Arsenal have already navigated with Saka. 'Every year that he was running to the end of his contract, there were these sorts of noises,' he said. 'He will sign a new contract.' Photo IMAGO It is a test of Arsenal's planning as much as Lewis-Skelly's ambition. The club cannot afford to delay when the vultures of Europe are circling. This is no longer a teenager with potential, but a first-team regular playing international football. Our View – EPL Index Analysis For Arsenal supporters, this is precisely the kind of situation that once sparked anxiety. But this is no longer the Arsenal of uncertainty. This is a club that knows how to keep its crown jewels. Advertisement Myles Lewis-Skelly has been a revelation. Calm in possession, aggressive in his pressing, and intelligent beyond his years, he has slotted seamlessly into Arteta's high-demand system. That he has already made such an impact in his debut season shows both his character and quality. The links to Real Madrid are almost flattering at this stage. Of course they want him. That is what happens when you nurture excellence. But Arsenal fans should trust the process. The club have managed these renewals brilliantly in recent seasons, and there's no suggestion that will change now. Saka stayed. Martinelli stayed. Saliba stayed. Lewis-Skelly will, in all likelihood, stay too. Not just because Arsenal need him, but because he has already shown he belongs there.
Yahoo
5 hours ago
- Yahoo
Airbnb downgraded as travel slowdown hits sector
The US hotel industry is experiencing a decline in performance, driven by reduced international visitor numbers and heightened volatility in consumer and business confidence, according to analysts at Truist Securities. The slowdown is expected to persist through the remainder of 2025, impacting major hotel operators and short-term rental platforms. In a note released Friday, Truist analyst C. Patrick Scholes downgraded Airbnb's stock rating from 'hold' to 'sell', citing underwhelming summer travel trends in both the US and Europe. He revised the price target for Airbnb shares from $112 to $106, suggesting a potential 17% drop from Thursday's close. Airbnb shares declined 0.7% following the announcement and have lost 3% of their value so far this year. Analysts based their assessment on millions of US hotel booking records and conversations with industry leaders. They concluded that a combination of weaker middle-class leisure travel, government contract cutbacks, and less inbound international tourism is fuelling the decline. The trend appears more concentrated in midrange hotels, which typically serve government clients and cost-conscious travellers. Scholes and his team highlighted 'middle-class leisure underperformance' as a key factor behind lower occupancy rates in these properties. Premium chains are also affected, though to a lesser degree. Truist also lowered its price targets on several hotel companies. Hyatt Hotels was reduced from $156 to $140, Choice Hotels from $144 to $128, DiamondRock Hospitality from $10 to $9, and Marriott International from $300 to $273. These adjustments reflect growing concerns about sustained weakness in demand and its impact on earnings across the lodging sector. Shares of all mentioned hotel companies posted small gains on Friday, but broader market trends indicate that investor sentiment remains cautious. The Consumer Discretionary Select Sector SPDR Fund, which includes Airbnb, has fallen 4.4% in 2025. The uncertain economic environment is amplifying pressure on the travel and hospitality industry. Analysts pointed to inconsistent business travel recovery and fluctuating consumer spending as additional challenges. Despite post-pandemic reopenings, the anticipated rebound in hotel demand has failed to materialise at expected levels. With inbound international travel still below pre-pandemic figures, the outlook for the US lodging sector remains clouded. Truist forecasts that without a significant shift in economic confidence or international visitor numbers, softness in the market may persist well into next year. "Airbnb downgraded as travel slowdown hits sector" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
