Booking.com CEO Sees Regulation Helping Not Harming Home-Sharing
- Company says it has more non-hotel units than rival Airbnb
- Non-hotel is fastest-growing segment in accomodation industry
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Booking.com Chief Executive Officer Gillian Tans said the wave of regulations on home-sharing will help, not hurt, the fastest-growing segment of the travel market.
Even if strict regulations, such as limiting the number of days someone can rent out their home or barring individuals from posting multiple listings, are approved, the industry will be able to maintain the high growth rates it has enjoyed, Tans said. Booking.com, which accounts for most of Booking Holdings Inc.’s revenue, recently said it has more non-hotel listings than Airbnb Inc.