Airbnb app for Apple Watch Airbnb’s app for the Apple Watch; it’s estimated that two-thirds of home-sharing units are unregistered. (Photo courtesy of Airbnb)

NEW YORK CITY—The unanimous vote by the San Francisco Board of Supervisors to require Airbnb and other home-sharing services to remove listings of unregistered units or pay a steep fine is likely to be the first in a series of crackdowns by other municipalities across the US, say analysts from Canaccord Genuity. They cite a study published by Penn State University last September which found that nearly two-thirds of Airbnb units outside San Francisco would violate that city’s regulations of the home-sharing sector.

“We expect this dynamic to provide a marginal tailwind to hotel fundamentals and spread from San Francisco to other major markets in the coming months,” the analysts write. “That should be a positive for operating results as well as sentiment toward lodging stocks.”

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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