Spain fines Airbnb $75 million for unlicensed rental listings
Spain has fined vacation rental firm Airbnb 64 million euros ($75 million) for advertising unlicensed tourist rental homes, the Consumer Rights Ministry said on Monday.
Spain’s leftist government, along with some city councils and regional authorities, has been cracking down on tourism rentals that use sites such as Airbnb and Booking.com, which many in Spain blame for creating excessive tourism and driving up housing costs by limiting the supply of homes available to residents.
