Airbnb, Booking.com, Expedia Group, and TripAdvisor have come to a data-sharing agreement about the short-term rental market with the European Union via the EU’s statistical office Eurostat.

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This is the first time in history that short-term rental competitors have come together to share data about a short-term rental market.

Airbnb and other platforms have been facing the over-proliferation of urban across Europe. Cities like Amsterdam and Barcelona have put in place restrictions with many locals voicing their concerns about the impact on house prices.

When the first lot of data becomes available later this year, it will have a better understanding of where the market is. It will include the number of nights booked and the number of guests staying. The European Commission, the EU’s executive arm, said the agreement would protect the privacy of both guests and hosts.

“Tourism is a key economic activity in Europe. Short-term accommodation rentals offer convenient solutions for tourists and new sources of revenue for people. At the same time, there are concerns about the impact on local communities,” said Thierry Breton.

Having reliable data that will help to make discussions with cities across Europe on how to address this new reality in a balanced manner.

The short-term rental sector hopes that data sharing will contribute to more complete statistics on tourist accommodation around Europe, allow public authorities to better understand the development of the collaborative economy and support evidence-based policies.

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