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One Law, 27 Systems

Tomorrow the EU's biggest STR regulation in history goes live.

One law. 27 countries. One system.

Except not really.

Airbnb came out yesterday and said it plainly: not every Member State is ready. Platforms are looking at "27 different systems" on day one.

Some portals will work tomorrow. Some won't.

Where they don't, the regulation's verify-and-suspend teeth don't bite.

But here's the bit being missed:

Paris Airbnb listings down 22.9% YoY. Madrid down 15.3%. Barcelona down 11.6%.

The supply contraction everyone's bracing for? Already happened.

Tomorrow isn't the start. It's the reveal which…

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