Mexico City revises rules for rental platforms like Airbnb

Under the new rules, hosts will have to sign on to a registry to operate and need to update it every two years with information such as how many times it has been occupied and complaints received. Tourism contributes more than 9% of economic activity in the capital, known for numerous cultural attractions, its food scene and temperate climate.

Mexico's capital has revised regulations for rental platforms, such as Airbnb and Booking, requiring property owners to report rental occupation data and comply with local taxes, the official gazette showed on Thursday.

Mexico has long been a top global tourist destination, famed for white sand beaches and ancient ruins. In recent years, the capital Mexico City has emerged as a growing attraction for both travelers and so-called digital nomads who can work remotely. The growth in foreigners in Mexico's capital, concentrated in a handful of neighborhoods, has also stoked a backlash, with some residents complaining that popular apps like Airbnb , Booking and Trivago contribute to gentrification and spiking housing costs.

In a statement on the new regulations, Airbnb said it is "open to continuing its cooperation with the government of Mexico City," and that its goal is to "maintain a balance in tourist activity, local economic impact, preservation of local cultural and natural heritage, and fostering local communities." Booking said in a statement it would "evaluate the exact impact of the new law in Mexico City" and that it has "always supported transparent regulation in the short-term rental segment."

Trivago did not immediately respond to requests for comment. Under the new rules, hosts will have to sign on to a registry to operate and need to update it every two years with information such as how many times it has been occupied and complaints received.

Tourism contributes more than 9% of economic activity in the capital, known for numerous cultural attractions, its food scene and temperate climate.

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