Transcript

HOTREC and EFFAT are actively pushing EU policymakers to tighten short-term rental regulation · STR Unpacked

Ben: Good morning and welcome to your 60 second Short Term Mental Bulletin. Today's short term mental bulletin spans EU regulatory pressure and major UK competition probe in the hotel sector, both directly relevant to the short term mental markets. The HOTREC and the EFFAT have issued a joint call urging for EU policymakers to close regulatory gaps in short-term rentals, saying current rules undercut housing affordability and create unfair competition with traditional hospitality. They want stronger enforcement and standardized data access and comparable obligations to short-term rentals and hotels. At the same time, in the UK, the Competition and Markets Authority, have opened up a formal investigation into Hilton Marriott Intercontinental Hotel Groups and data provider CoStar over alleged sharing of competitively sensitive information via short-term rental analytics platforms, a probe that could impact how data tools are used across accommodation markets. Europe is tightening both regulatory and competition oversight around short-term rentals and the hospitality data practices. regulatory scrutiny is intensifying on short-term mental rules in the EU and on data use in the UK hotel sector. More detail on local city level actions and compliance implications for the next briefing. Thank you for watching and I will see you tomorrow.