When housing becomes less available in a tourism-driven city, decisions have to be made. Short-term rentals (like Airbnb) are harder to justify when local housing is scarce or increasingly expensive. And hotels are still available.

Barcelona, Spain, is dealing with this situation. “Barcelona City Hall announced last month that it would not renew any tourist apartment licenses after they expire in 2028. Deputy Mayor Laia Bonet said the city wants tourism, which accounts for 15% of the local economy, but must help residents cope with skyrocketing rents and real estate prices.”

Source: https://apnews.com/article/barcelona-spain-tourist-apartments-154cf293078aa14c299e3539d90e9350