“Before we assume that the government crackdown on Airbnb comes from genuine concern about safety, we should consider some other, less benevolent motives. First, many state and local governments have turned to hotel taxes to pad their budgets. Travelers can pay a tax up to 17 percent of the cost of their hotel room. Second, and not surprisingly, many hotels staunchly oppose Airbnb. The threat is significant. Last year The Economist magazine stated that Airbnb could reduce hotel revenues as much as 10 percent. The American Hotel & Lodging Association spent over $1 million in lobbying last year, including a variety of attempts to legally disrupt or dismantle Airbnb’s business.”
http://www.independent.org/newsroom/article.asp?id=7438
(Visited 26 times, 1 visits today)
Related posts:
The State of Our Union: A House Divided, Enslaved & Mired in Past Mistakes
US Is World's Largest Tax Haven
Which Cities will Survive/Thrive?
Love It or Hate It, You’re Missing What Really Matters About Bitcoin
Euro Pacific Capital Global Investor Newsletter: October 2012
Bill Bonner: Confessions of a Former Child Laborer
Man, Method, and Recasting
Bill Bonner: Can This Simple Trading System “Beat the Market”?
Drivers, Beware Traffic Stops in the American Police State
Detlev Schlichter: What is wrong about the euro, and what is not
The Security State: An Ever Bigger and Dumber Dinosaur
What’s the greatest deception of our time?
Indian central bank has debased the rupee 99% vs the dollar; no hope in next Guv too
Why I renounced US citizenship
Why Are Cops Acting Like Soldiers?