U.S. home-sharing site Airbnb on Thursday won its battle to remain clear of onerous European property regulations, as the EU’s prime court ruled it was a web-based platform and not a property agent.
The case got here before the Court of Justice of the European Union following a grievance by French tourism association AHTOP.
The issue marks the quandary regulators face in dealing with new online services venturing into traditional companies; however, not subjected to the same guidelines.
For Airbnb, the French case is significant as the Worldwide Olympic Committee has agreed to promote the corporate for lodging during the 2024 Olympics in Paris.
Judges, in essence, accepted the corporate’s arguments that it’s a web-based platform and not a property agent.
The court further criticized France for not notifying the European Commission, the EU executive, of the call for Airbnb to hold a property agent’s professional license.
Airbnb has, in recent times, collaborated with hoteliers and authorities in cities from New York to Amsterdam, Berlin, and Paris, accused of worsening housing deficits and pushing out lower-income residents.