Hotel Boss Says Airbnb Should Be Regulated Like Traditional Hotel Companies
Fast-growing internet companies such as Airbnb should be subject to the same regulations as traditional firms, the chief executive of InterContinental Hotels Group has said.
Richard Solomons claimed there is a “slight naivety” about online businesses and governments should treat internet firms – many of which are developing into global powerhouses – in “exactly the same way” as traditional companies.
Traditional hotel firms, which are often far bigger employers than internet ventures, are currently at a “disadvantage”, he said.
The hotels chief cited the accommodation website Airbnb, whose financial backers include the Hollywood actor Ashton Kutcher, as one example where online firms were subject to different rules.