Few companies have spent more on Los Angeles’ elections this year than Airbnb, which has put millions behind Mayor Karen Bass and other local candidates.
Airbnb’s spending touches several fights that matter to its business in the city, including a proposed temporary easing of short-term rental restrictions during the 2028 Olympics, which are expected to draw in roughly 2 million visitors to the greater Los Angeles area. As much as $4.3 billion in direct visitor spending is expected to benefit hotels, restaurants, and retailers, according to a study from the Los Angeles County Economic Development Corporation commissioned by LA28.
Airbnb is looking for a bigger slice of that spending.
Since 2018, only primary residences have been allowed to list on platforms like Airbnb. Proposals for a vacation rental expansion would ease restrictions through the end of 2028.
A restriction rollback — even a temporary one — could help Airbn
Source: skift.com
