Airbnb creates $10M fund to cover cancelled reservations in Japan after regulatory shift
Airbnb has had to cancel a swathe of reservations in Japan, after a change in local laws required hosts to have specific licenses, but some have failed to get these ahead of the deadline set by regulators.
This is not the first time that Airbnb has had a stumble on the heels of regulatory changes.
In Amsterdam, regulators are preparing to halve the number of nights a property can be let out to 30 nights per year starting in 2019, from 60 nights currently.
Berlin and Barcelona have also tried to limit the platform’s growth with their own regulations.
TechCrunch
Airbnb cancels thousands of bookings in Japan – BBC News