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Acapulco Hotel Owners Unite Against Airbnb with New Tax Bill Countering “Unfair” Competition

By: Elena Toledo - @NenaToledo - Jul 13, 2017, 11:24 am
Hotel Owners Unite Against Airbnb
Airbnb offers approximately 250,000 properties in Acapulco alone, dwarfing the 20,000 hotel rooms offered by the formal hotel industry. (Flickr)

EspañolAirbnb, the online housing rental service, may be charged a new tax in Mexico’s tourist destination of Acapulco.

The Association of Hotels and Tourism Companies there is working on a bill that would charge Airbnb a three-percent tax. The bill will be sent to the local Congress as well as the Guerrero State congress.

President of the AHTC Jorge Laurel González said that companies such as Airbnb that offer rooms, apartments and sometimes even full houses at lower prices than formal hotels should be considered “unfair competition.”

Airbnb offers approximately 250,000 properties in Acapulco alone, dwarfing the 20,000 hotel rooms offered by the formal hotel industry.

“It is an unfair competition and it inhibits the growth and interest of corporations and hotel chains,” González said, “who would like to come to Acapulco and set up properties to generate hotel activity in the bay.”

Airbnb has been operating for eight years, but it really hit its stride three years ago. Gonzalez warned that if not immediately regulated, the competition could negatively affect tourism and cause many hotels to choose to move to their own informal systems.

“We hope that it will not be the case here, but in cities like Barcelona and Miami there is no regulation. But Mexico City is doing something about it and we hope that something can be done in Acapulco soon,” Gonzalez, said.

Source: El Economista

Elena Toledo Elena Toledo

Educator by trade, social-media apprentice, activist for a democratic Honduras, and free thinker. Follow her on Twitter @NenaToledo.

S&P Warns Venezuela Likely to Default on Debt within Six Months

By: Sabrina Martín - @SabrinaMartinR - Jul 13, 2017, 10:40 am
default-venezuela-1

EspañolThe financial agency Standard & Poor's has downgraded Venezuela's debt rating, warning that it is at risk of defaulting within the next six months. The country's rating changed from CCC to CCC- following a worsening political and financial crisis. The agency explained that the lowered score is due to the deterioration of the economy and government's assets and an increased political tension caused by reckless and malicious leadership under President Nicolás Maduro. Standard & Poor's officials said they are certain Venezuela will default unless they significantly and unexpectedly improve those conditions. They said they also fear that the country's economy, which has relied for years on low oil prices, can't be financed on the international market, making the country incapable of paying its debts. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1459522593195-0'); }); S&P also said that without new and consistent foreign financing, the government will have difficulty repaying the country's debt. Currently, officials predict an increase of  US $2.8 billion in the second half of 2017, and about $7 billion in 2018. The rating agency forecasted a six-percent decrease in Gross Domestic Product (GDP) this year. Read More: UN Demands Release of Thousands of Prisoners Wrongfully Arrested in Venezuela Read More: “This is a Step Towards Liberty in Venezuela”: Political Prisoner Leopoldo Lopez S&P warned that the weakening of institutions and the growing discontent among the population could further reduce Venezuela's ability to cope with urgent economic and social problems. In January 2017, the rating agency Fitch Ratings also warned that state oil company PDVSA would be on the brink of defaulting as well. Source: El Estímulo

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