The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
Airbnb has made it impossible to make a living as an innkeeper in Wellfleet. Our shoulder season is gone. Last year there were forty options in our small town on Airbnb and many were whole houses, rather than single rooms, since lots of people own second homes elsewhere. Airbnb hosts do not need permits from the town or insurance. They offer rates that undercut what traditional B&Bs charge, and I doubt they all declare their earnings, since they do not believe they are running a business. We have decided to close at the end of this season, unable to compete.