Airbnb describes the regulations in CDMX as “excessively restrictive”

The objective is to allow and diversify competition and reduce gentrification in some areas, since according to the authority, 50% of the hotel supply in the capital is managed by the aforementioned digital platform.

The opinion adds a fourth paragraph to article 61 of the CDMX Tourism Law and noted that homes may be registered again after one year after having completed their term.

Through a statement, Airbnb pointed out that the new restriction of 50% of the nights a year to offer tourist stay services will affect “thousands of families and hosts who live in the country’s capital.”

“Through this activity, many find a means to generate income that today strengthens their family economy and that of their community,” he added.

According to the platform’s statistics, 50% of the hosts in Mexico City are women, 12% of them over 60 years old. Meanwhile, 78% of hosts indicate that this is not their main activity, that is, they use it to reinforce other income.”

“It is proven that regulations that seek to limit short stays in various cities around the world have not been successful in reducing the price of rent or increasing the availability of housing,” he argued.

In Airbnb’s view, these measures generate the opposite effect to the desired one, citing as an example that one year after the restrictive regularization in New York, the average price of hotels rose 7.4%, while rents rose 3.4%.