2025-12-16
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Spain hits Airbnb with a major multi-million dollar fine for what it says are illegal listings.
It's world business expressed from the BBC World Service.
I'm Liana Byrne.
In India, pollution is grinding the economy to a halt,
and in Paris, workers at the Louvre are on strike.
Yes, Spain has fined Airbnb $75 million for advertising unlicensed holiday rentals,
saying short-term lets are worsening the housing crisis.
Guy Hedgekorn is following the story in Madrid.
The Consumer Rights Ministry says that AirBnB was allowing unlicensed tourism properties to be advertised on the site.
And the fine that's been imposed at €64 million fine, you know, $75 million,
the government says that that is worth six times the profits that AirBnB would have made from the illegal listings that it's clamping down on here.
They're really pushing back on short-term lettings.
That's right and the Spanish government and many other people in Spain believe that tourism departments like the ones that are put on offer by Airbnb are part of a broader problem,
which is Spain's housing crisis.