World
Aerial view of Barcelona Eixample residential district and famous Basilica Sagrada Familia at sunrise. Catalonia, Spain
Barcelona. (Getty Images)

Airbnb implores Barcelona to reconsider ban on short-term rentals

Residents of Barcelona are saying no más to mass tourism, with most Airbnbs in the city likely run by multi-property professionals.

After reporting a mixed quarter earlier this month, Airbnb is taking a more public approach in addressing policymakers: the holiday-rental platform is now directly urging the mayor of Barcelona to reconsider his proposed crackdown on short-term rentals, or STRs, similar to legislation seen in hot spots like New York City.

In an open letter published yesterday, Airbnb argued that the measures introduced since the Spanish city’s first ban on tourist-accommodation licenses in 2014 have failed to fix its housing issues.

“The only winner from Barcelona’s war on short term rentals is the hotel industry,” said Airbnb’s VP of public policy, “which is rapidly expanding and increasing prices.”

Back in June, Mayor Jaume Collboni pledged to eradicate all short-term rentals in Barcelona by 2028, in response to the city’s soaring cost of buying and renting (the average price of a home in the city is up more than 60% in the past decade, data cited in Airbnb’s report says).

But the letter also outlined that while the number of STRs in Barcelona has halved since 2020, hotel-room prices are soaring, and empty homes still outweigh STRs in the city 8-to-1.

Close to home

Some 26 million people visited Barcelona in 2023 (that’s up 30% since before the pandemic), with similarly staggering tourist figures being observed across Europe in recent years. Perhaps what Barcelonans are specifically taking issue with, though, is that startlingly few STRs in the city are actually compensating the locals.

Airbnb in Barcelona
Sherwood News

An analysis by Anna Gordun Peiro, using data from Inside Airbnb, suggested that the overwhelming majority of listings in Barcelona (74%) are likely run by professionals — defined as those running three or more Airbnbs in total — rather than individuals, the most of any of the 15 cities analyzed.

More recent data from Inside Airbnb also detailed that 43% of all listings in the city are run by hosts with 10 or more Airbnb properties.

Barcelona residents’ frustration with tourism amped up considerably this summer, with nearly 3,000 locals — some armed with water guns — taking to the streets to protest in July.

More World

See all World
world
Tom Jones

The UAE’s OPEC exit will hit the group in the barrels

After just shy of 60 years in OPEC, its membership even predating its status as a nation-state, the United Arab Emirates yesterday announced its shocking departure from the oil production group, effective May 1, as the knock-on effects of the Iran war continue to play out across the Middle East and the energy landscape.

For context, the UAE produces the third-highest amount of oil in the group, per April data and OPEC’s latest set of annual statistics.

According to the cartel’s 2025 Annual Statistical Bulletin, the OPEC group was collectively exporting some 19 million barrels of crude oil a day last year, with the United Arab Emirates accounting for some 14% of that daily output.

UAExit means UAExit

The nation, whose energy minister told Reuters yesterday that the decision was taken “after a careful look at current and future policies related to level of production” and wasn’t made following discussions with any other country, made up a healthy share of the group’s total confirmed crude oil reserves, as well.

OPEC exports chart
Sherwood News

Of the 12 nations in the core group, which was founded by just five oil superpowers back in September 1960, only two (Iraq and Saudi Arabia) exported more barrels of crude oil daily, pumping out 3.36 million and 6.05 million barrels, respectively, each day to nations around the world.

For its part, the UAE said it will “continue its responsible role by gradually and thoughtfully increasing production, in line with demand and market conditions,” per the official state news agency. Clearly, the nation now wants a little more control of just how much oil it can pump around the world, with the UAE having to eat a large proportion of lost revenues due to its healthy abundance and OPEC restrictions.

According to the cartel’s 2025 Annual Statistical Bulletin, the OPEC group was collectively exporting some 19 million barrels of crude oil a day last year, with the United Arab Emirates accounting for some 14% of that daily output.

UAExit means UAExit

The nation, whose energy minister told Reuters yesterday that the decision was taken “after a careful look at current and future policies related to level of production” and wasn’t made following discussions with any other country, made up a healthy share of the group’s total confirmed crude oil reserves, as well.

OPEC exports chart
Sherwood News

Of the 12 nations in the core group, which was founded by just five oil superpowers back in September 1960, only two (Iraq and Saudi Arabia) exported more barrels of crude oil daily, pumping out 3.36 million and 6.05 million barrels, respectively, each day to nations around the world.

For its part, the UAE said it will “continue its responsible role by gradually and thoughtfully increasing production, in line with demand and market conditions,” per the official state news agency. Clearly, the nation now wants a little more control of just how much oil it can pump around the world, with the UAE having to eat a large proportion of lost revenues due to its healthy abundance and OPEC restrictions.

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.