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Airbnb had an income of 2 thousand 230 million dollars during the third quarter of 2021, according to official figures.
Last Wednesday, October 26, CDMX signed an agreement with Airbnb, which seeks to attract “digital tourism”.
In March of this year, the average price of housing was 1 million 466 thousand pesos, reports the Federal Mortgage Society.
Last Wednesday, October 26, the Head of Government announced that Mexico City (CDMX) signed a agreement with Airbnb and the United Nations Educational, Scientific and Cultural Organization (Unesco) to promote the capital as a center of “digital tourism”this event has caused various doubts or concerns among the population.
In this public act, Claudia Sheinbaum explained that CDMX is the most connected city in the world, that is why the decision was made to turn it into a “digital tourism” center to attract more travelers who want to work remotely while getting to know the country’s capital.
Airbnb is a platform that offers users accommodation for travelers who do not want to stay in a hotel, through the application, they can rent a house or apartment that is available, which has a private owner and makes it available in the application. During the first quarter of 2021, Airbnb had an income of 2.23 billion dollars, according to official figures.
On the other hand, the company had more than 4 million hosts who rented their properties to tourists from the platform, of this figure around 8 thousand dollars were obtained during 2021.
CDMX had a large tourist presence during the first half of 2021, where it had at least 2 million 392 national tourists and 877 thousand international touristsreferred to the Ministry of Tourism in its third report. Many of these tourists came to the country to work remotely and to get to know the city.
The signing of the agreement between Airbnb and CDMX puts on the table certain issues that concern the inhabitants of the city, these are some of them:
- Rent price increase: if there is no good regulation by the authorities, this will complicate access to housing in central areas, where there is already some real estate tension. During the first quarter of this year, the price of housing was 1 million 466 thousand pesos.
- Market growth for roomies: Given the rise in housing prices, the difficulty of being able to buy one increases, so the possibility that a single person can rent an apartment or house increasesespecially for the young population that does not have a competitive salary, since there are more than 9 million young people who work and around 44.9 has a remuneration of 5 thousand 186 pesos per monthaccording to data from the Mexican Institute of Competitiveness (IMCO).
- Possible evictions: With this new measure, tenants fear that they will be evicted from homes that are in municipalities with the highest concentration of tourismsuch as the Cuauhtémoc, Benito Juárez, Miguel Hidalgo or Coyoacán mayor’s offices.
- Lack of regulation: Although Airbnb must follow certain rules in the country, There is no regulation regarding the limit of spaces that can be rented to tourists and with this, they provide short-stay accommodation to make it more profitable, so they become like hotels.
- Affectations in real estate: the lack of regulation also affects property owners and guests, since Airbnb is not responsible for damages, if any event or fraud occurs within the propertysomething specified by the agreements with the platform.
Although this alliance aims to bring tourism and money to CDMX, there are a number of factors that may not have been taken into account, especially the concerns of owners and tenants. We will have to wait how this new project develops in the city and if it is profitable.
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