THE US-based short-term rental site Airbnb has been forced to cough up a massive €64 million fine after a Spanish court threw out a request to delay its payment. The High Court of Justice of Madrid’s ruling published on Monday denied Airbnb’s request to suspend the payment of the fine pending a final judgment in the case, which means the …
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Spain hits Airbnb with massive €64m fine as portal still flouts housing laws
THE US-based short-term rental site Airbnb has been slapped with a €64 million fine by the Spanish government over more than 65,000 adverts encouraging customers to rent out unlicenced tourist apartments. The Ministry of Consumer Affairs announced that it has identified 65,122 ads on Airbnb’s site promoting tourist apartments which violate consumer protection laws. Investigators found advertisements that listed accommodations …
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