EUROPEAN PARLIAMENT APPROVES NEW SHORT-TERM RENTAL RULES

by | Mar 1, 2024 | Alojamento Local

Yesterday, Thursday 29th February 2024, the European Parliament approved a text that approves how data related to short-term rental services (STRs) should be collected and shared, with 493 votes in favor, 14 against and 33 abstentions.

The hope is that better data and control will lead to fewer illegal listings enable local authorities to develop more appropriate STR policies, helping to protect consumers from fraudulent short-term rental offers.

Georgina Browes, Head of EU Policy at Airbnb, said:

“EU rules mark the beginning of a new chapter for short-term rentals in Europe. For the first time the rules of the road are clear, benefiting Hosts, authorities and Europe’s tourism offer to visitors. We stand ready to work with Member States and their local authorities on the implementation of the rules to ensure they are a success for everyone.”

The EU press release gave the summary below of the new measures, that will be published in the EU Official Journal, after which the regulation will become applicable in 24 months.

Simple registration procedure

Online platforms that facilitate short-term rental services have to comply with obligations regarding registration procedures and data sharing for the properties they list that are located in areas where a registration process exists. A simple online registration procedure will allow the relevant authorities to identify the host and their unit, and verify their information.

Safer rental services for travellers

Online platforms will have to ensure that the information provided by hosts is reliable and complete and that the registration number is clearly visible on the corresponding listing. They will also have to make reasonable efforts to conduct random information checks. The competent authorities can suspend registration numbers, ask platforms to remove illegal listings, or impose penalties on non-compliant platforms or hosts.

Exchange of data

EU member states will set up a single digital entry point to receive data from platforms about host activity on a monthly basis (e.g. number of nights the unit was rented out, number of guests, specific address, registration number, URL of the listing). Gathering this data will allow authorities to monitor compliance with host registration processes, and enable national authorities to implement suitable policies in the short-term accommodation rental sector.

Short-term rentals represent around 25% of tourist accommodation in the EU, so this is definitely a long-awaited and well-needed legislative step.