Airbnb to create a fund to support tourism in Europe

create a fund to support tourism in Europe

The apartment rental site Airbnb announced on Thursday the creation of a fund of 5 million euros to support tourism in Europe.

This envelope will be “dedicated to promoting people-centered tourism” and can be used by “organizations – NGOs, charities, various local initiatives – seeking financial support to launch innovative projects”, Airbnb said in a statement.

The site of hiring of lodgings raises the concern of the hoteliers who accuse it of unfair competition.

Several major cities, including Paris, are taking initiatives to combat illegal tourist furnished rental that contributes to a shortage of housing for non-tourist rental.

“We also have the ambition to generate one million jobs by 2020 in Europe,” said Chris Lehane, global public affairs director of the group, during a conference call.

“In 2016, more than 39 million people used Airbnb to stay in Europe,” the group said.

Airbnb, created in 2008 in San Francisco, has more than 400,000 accommodation in France registered on its site, 80% of which are located outside Paris, while French hotels have 650,000 rooms.

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