Airbnbs need to start paying their way – industry

Airbnbs need to start paying their way – industry
Rotorua lacks quality bed options. (Image: Paul Michael)
Brent Melville
Rotorua, one of New Zealand’s tourism hotspots, has a problem.Before the pandemic, the city boasted more than 1,200 short-term holiday listings, providing privately owned options for visitors other than staying at one of its 90-or-so commercial hotels and motel offerings. By the middle of last year, the number of listings on Airbnb, Bookabach and other platforms fell to about 800 before bouncing back to a current 1,020 units, according to data from short-term accommodation aggregator AirDNA.Andrew Wilson, chief executive of economic...

More Property

Oceania shrinks footprint, prioritises balance sheet
Property

Oceania shrinks footprint, prioritises balance sheet

Oceania has divested four aged care facilities in the space of six months.

Gregor Thompson 22 Nov 2024
Paul Bary lobbies minister over Du Val BTR
Property

Paul Bary lobbies minister over Du Val BTR

Du Val Build To Rent assets could be sold early next year; investor Paul Bary unhappy.

Receivers ask Du Val founders: ‘Where are the assets?’
Property

Receivers ask Du Val founders: ‘Where are the assets?’

Du Val receivers say they have evidence of other assets they want information on.

Maria Slade 21 Nov 2024
Reasonable progress or pass the parcel?
Property

Reasonable progress or pass the parcel?

Opinions split over whether buildings are being earthquake-strengthened fast enough.