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Spanish court order Airbnb to pay €64M fine and refuses to suspend sanction

6 hours ago
  • #Tourism
  • #Spain
  • #Airbnb
  • Madrid’s High Court refuses to suspend a €64 million fine on Airbnb by Spain’s Consumer Ministry.
  • The fine is for illegal holiday rentals and misleading ads; Airbnb must pay while appealing.
  • Airbnb’s request for interim measures to halt payment was rejected by the court.
  • The fine was issued for listing unlicensed properties, false registration numbers, and lack of accurate host information.
  • The fine amount is six times the illegal profit made from these practices.
  • Spain and other European countries are tightening rules on short-term rentals to address housing crises.