New regulations in Vancouver meant to cut down on the number of homes rented out to tourists on the website Airbnb appear to be working. The city says the number of listings on Airbnb has fallen from 6,600 in April to 3,742 in September.
People renting out their homes on Airbnb in Vancouver must now have a licence to do so. Anyone found breaking the bylaw can now be fined up to $1,000 a day, but it looks like some people are already trying to get around the new rules.
Newly released documents to Canada's finance minister suggest traditional hotels in two of Canada's biggest cities have not fared badly as they face rising competition from online platforms like Airbnb.
The World Trade Organization has ruled that the European Union continues to provide illegal subsidies to plane-maker Airbus, the latest in a string of tussles between the European manufacturer and U.S. rival Boeing.
Airbnb, facing complaints from some guests with disabilities who said its listings weren't detailed enough, last year purchased Accomable, a website that connected disabled travellers to verified, accessible properties.
A court in Singapore on Tuesday fined two men 60,000 Singapore dollars (US$45,800) each for breaching laws banning short-term rentals by renting out condominium units through online services such as Airbnb, Craigslist and HomeAway.