Airbnb Tenants
The Airbnb Revolution
Airbnb has has revolutionised travel and the cost of accommodation, opening up travel to millions of people who couldn’t afford expensive hotels. But we shouldn’t ignore the costs. Cities like London have seen unscrupulous landlords withdraw their rental properties from the market driving up rents for working people.
Providence Red is trying to deal with these tensions intelligently. We want to accommodate both demands by observing that post the pandemic, both markets want the same product but at different times. The demands from working folks and weekend tourists no longer need to compete but instead could be complementary. Providence Red supports and complies fully with Westminster City Council limitations on Airbnb rentals to a maximum of 90 days per annum.