Study on the Assessment of the Regulatory Aspects Affecting the Collaborative Economy in the Tourism Accommodation Sector in the 28 Member States ...
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Study on the Assessment of the Regulatory Aspects Affecting the Collaborative Economy in the Tourism Accommodation Sector in the 28 Member States (580/PP/GRO/IMA/15/15111J) European Commission - Directorate General Internal Market, Industry, Entrepreneurship and SMEs (DG GROW) Task 4 Market Case study – Brussels
This study was carried out for the European Commission by Spark Legal Network and Valdani Vicari & Associati. Spark Legal Network Valdani Vicari & Associati Julia Rzepecka Marius Dragulin Lison Rabuel Ricardas Juskevicius Vilma Kuuliala Timothe Peroz Iva Plasilova Adriana Rodriguez Diaz DISCLAIMER By the European Commission, Directorate General Internal Market, Industry, Entrepreneurship and SMEs. The information and views set out in this study are those of the author(s) and do not necessarily reflect the official opinion of the Commission. The Commission does not guarantee the accuracy of the data included in this study. Neither the Commission nor any person acting on the Commission’s behalf may be held responsible for the use which may be made of the information contained therein. ISBN 978-92-79-84007-4 doi: 10.2873/183233 © European Union, (2018). All rights reserved. Certain parts are licensed under conditions to the EU.
TABLE OF CONTENTS 1 OVERVIEW OF THE ACCOMMODATION SECTOR ......................................................... 5 1.1 Main players in the collaborative economy accommodation sector ...................... 6 1.2 Overview of economic development of the collaborative economy accommodation market ................................................................................. 8 1.3 Overview of applicable local rules and regulatory developments ......................... 9 1.4 Summary of indicators .................................................................................10 2 REAL ESTATE AND HOUSING AVAILABILITY .............................................................13 2.1 Overview of average rental market prices .......................................................13 2.2 Overview of number of vacant properties .......................................................15 2.3 Overview of occupancy ................................................................................17 3 INCOME AND OTHER TOURISM INDICATORS ...........................................................19 3.1 Income indicators ........................................................................................19 3.2 Tourism indicators .......................................................................................19 4 IMPACT ON LOCAL COMMUNITIES ..........................................................................21 4.1 Development of ancillary services ..................................................................21 4.2 Housing supply changes ...............................................................................21 4.3 Inhabitants’ perception of collaborative short-term rental platforms...................22 4.4 Impact on public services .............................................................................23 5 FUTURE DEVELOPMENTS .......................................................................................24 6 ANNEX 1: LIST OF INTERVIEWEES .........................................................................25 7 ANNEX 2: LIST OF REFERENCES .............................................................................25 FIGURES Figure 1: Map of Brussels ................................................................................... 6 Figure 2: Number of AirBnB accommodations in Brussels between 2010 and 2017..... 8 Figure 3: Total available listings on AirBnB in Brussels region, by type, between July 2015 and April 2017 .................................................................................... 9 Figure 4: Overview of the current and estimated revenue and its growth trend in the “vacation rentals” sector in Belgium, 2015-2021 ............................................. 9 Figure 5: Long-term rent of one-bedroom apartments in Brussels (in EUR) ..............13 Figure 6: Number of registered residences (housing stock) in Brussels ....................15 Figure 7: Occupancy rate AirBnB all listings and hotel rooms..................................18 TABLES Table 1: Summary of indicators ..........................................................................10 Table 2: Average monthly rents for long-term rentals in 2016 ................................14 Table 3: Average daily and monthly rates for AirBnB listings and hotel rooms in 2016 ...............................................................................................................14 Table 4: Summary overview of average monthly rental market prices for long- and short-term rentals in 2015 ..........................................................................14 Table 5: Summary overview of number of available properties -Brussels .................17 Table 6: Summary overview of occupancy -Brussels .............................................18 Table 7: Summary overview of income indicators – Brussels ..................................19 Table 8 Summary overview of tourism indicators – Brussels...................................20
Task 4 – Annex 5 - Market Case study – Brussels DEFINITIONS: The key terms used in the case study are defined below. It should be noted that these definitions may differ from the definitions used by the European Commission. Primary residences: those residences (dwellings) where the person resides more than 180 days per year. Secondary residences: those residences (dwellings) where the owner spends at least some days per year. Short-term rental: the rental of an accommodation (room or entire property) on a short- term basis. “Short-term” can be defined by local laws as the maximum period per year during which an accommodation provider can rent out their property or part thereof under specific circumstances. Long-term rental: the rental of an accommodation (room or entire property) on a long- term basis. “Long-term” can be defined as a period exceeding any short-term threshold imposed by local, regional or national laws (see definition of “short-term rental”). Vacant property: A residence (dwelling) that is not occupied by their owners or any tenants. Peer provider: For the purpose of this study, the term is used to designate all providers of short-term rentals on collaborative platforms. In certain cases, where data are available, the text makes a distinction between “peer” and “professional” provider. In this case, “peer provider” refers to individuals who do not conduct such activities on a professional basis, i.e. earning the majority of their income through to short-term rentals. Conventional dwelling: The term is defined according to its definition on EUROSTAT, namely a room or a suite of rooms and its accessories in a permanent building or structurally separated part thereof which by the way it has been built, rebuilt or converted; it is designed for habitation by one private household all the year round and is not at the time of the census used wholly for non-residential purposes. Vacant conventional dwelling: According to EUROSTAT, vacant conventional dwellings are conventional dwellings (see above) which have no usual residents at the time of the census but are available to become the principal usual residence of at least one person. Vacant dwellings could be either: seasonally vacant, holiday homes, seasonal workers' quarters, non-seasonally vacant, secondary residences, for rent, for sale, for demolition, or for other purposes. 4
Task 4 – Annex 5 - Market Case study – Brussels 1 Overview of the accommodation sector Facts and figures – Brussels The capital city of Brussels is the most populous city in Belgium. With 1,187,890 inhabitants in 2016, Brussels accounts for 8.5% of the total population. The city of Brussels is one of three Belgian regions, under the name Brussels-Capital region.1 The region is composed of 19 communes. This case study refers to Brussels as the region of Brussels-Capital. In terms of GDP per capita, in 2015 Brussels-Capital was the third richest region in Europe.2 It hosts the headquarters of the main EU Institutions, and it is also the administrative centre of Belgium. Belgium is a federal country, and each region has its own government and parliament. The region of Brussels-Capital is composed of: The Government of the Brussels-Capital Region, made of a Minister- President and four ministers (two French-speaking and two Flemish-speaking). The Parliament of the Brussels-Capital Region, which exercise the legislative powers and it consists of 89 deputies. The region of Brussels-Capital has legislative powers in the areas such as economy, employment, agriculture, water policy, housing, public works, energy, transport, the environment, town and country planning or nature conservation. The 19 communes of the Brussels-Capital region are each composed of a council, a communal executive and a mayor. The range of competencies of the commune is very broad covering issues related to housing, to education and other aspects. The map on the following page shows the area of the Brussels-Capital region, which includes its 19 communes. 1 The two others are Flanders and Wallonia. 2 Eurostat (2017). Pib par habitant en 2015 dans 276 régions de l’UE ; Available at : http://ec.europa.eu/eurostat/documents/2995521/7962774/1-30032017-AP-FR.pdf/08aa67a6-e0df-4f2a-ae98-5ee6c921b404. Retrieved on: 31/05/17. 5
Task 4 – Annex 5 - Market Case study – Brussels Figure 1: Map of Brussels 1.1 Main players in the collaborative economy accommodation sector At the national level, Belgium does not have relevant authorities responsible for supervising housing plans and urban policy. These powers lie with the regional level. At the regional level, the Brussels Region Government oversees the overall administration of the region. As such, it takes and implements measures (e.g. tourist accommodation ordinance) regulating the housing/hospitality sectors. Both, the Economy and Employment, and the Urban Development directorates deal with short- term accommodations.3 Furthermore, the Economic and Social Council of the Brussels- Capital Region is a consultative body involved in socio-economic matters impacting the life of Brussels citizens including short-term rental.4 At local level, the 19 communes had, until February 2017, the responsibility to collect taxes arising from short-term rental, from both, collaborative short-term rental platforms (e.g. AirBnB) and hotels.5 Since February, this competence has been assigned to the Brussels-Capital region. The main collaborative short-term rental platforms available in Brussels-Capital (and elsewhere in Europe) include: AirBnB, Wimdu, 9flats, HomeAway, HomeExchange, GuestToGuest and LoveHomeSwap. Other collaborative short-term rental platforms that are specific to Brussels (but are not limited to the accommodation sector specifically) include 2dehands.be, BedYCasa and Brukot. AirBnB, the main global collaborative short-term rental platform, is active in Brussels- Capital, but the Belgian capital is not included in the 25 AirBnB largest cities in the 3 Brussels region website, 2017. Available at: http://be.brussels/about-the-region/ministry-of-the-brussels-capital-region/economie- emploi. Accessed on 04/05/17. 4 The economic and social council of the Brussels-Capital Region website, available at: http://www.ces.irisnet.be/fr. Accessed on 04/05/17. 5 Rtbf (2017). Les lodgements AirBnB taxes à Bruxelles. Available at: https://www.rtbf.be/info/regions/detail_les-logements-AirBnB- taxes-a-bruxelles?id=9518516. Retrieved on: 31/05/17. 6
Task 4 – Annex 5 - Market Case study – Brussels world.6 According to AirBnB, the platform has 7,000 listings in Brussels, while Inside AirBnB reported over 4,400 listings in April.7 AirBnB also claimed to have hosted 230,000 tourists in Brussels in 2016.8 Other collaborative short-term rental platforms active in Brussels have less listings. Wimdu, the largest European collaborative short-term rental platform, has 214 listings in Brussels9. 9flats, another German platform, displays 139 listings.10 HomeAway, a US-based platform features 619 listings in the region.11 HomeExchange, a US-based home swapping platform acquired in March 2017 by French platform GuestToGuest, lists 28 properties in the region.12 GuestToGuest itself, another home swapping platform, features 1,100 properties in Brussels-Capital. LoveHomeSwap, another US-based home swapping platform, is also active in Belgium, but does not disaggregate results by city. In addition, hotel booking websites such as Booking.com or TripAdvisor also include peer-to-peer listings. For instance, TripAdvisor owns the collaborative short- term rental platforms HouseTrip and FlipKey. In addition to the large EU and international collaborative short-term rental platforms, there are other, more local platforms offering short-term rental listings in Brussels. BedYCasa, a French collaborative short-term rental platform, has 44 listings in the region.13 2dehands.be (“2ememain.be”) is a Belgian online market place offering a wide variety of goods/service/items to rent or buy. It records 603 rental listings14 in Brussels, but the platform does not distinguish between short- and long-term rentals. Finally, Brukot is a Brussels-focused platform on which people can rent their place, also on short-term basis.15 Lastly, hotel booking websites, such as Booking.com and Tripadvisor, also offer peer- to-peer short-term rentals. For instance, Booking.com offers 334 listings, all of which are entire properties.16 Tripadvisor offers 552 holiday rentals,17 but its platforms like HouseTrip and FlipKey list up to 911 entire properties18. Hospitality/housing industry associations also take part in the debate regarding peer-to-peer short-term rentals. The Brussels Hotel Association lobbies for the hospitality industry at the city level.19 It is important to note that peer providers can simultaneously use more than one collaborative short-term rental platform to advertise their listing. This leads to a likely double counting of listings on such websites. Due to lack of data available on the number of double listings, the information presented in this case study regarding the total number of listings on collaborative short-term rental platforms (see sub-section 2.2) should be taken as an approximation. 6 Note that in comparison, Brussels is also smaller than the other cities mentioned. See: Airdna website, available at: http://blog.airdna.co/biggest_AirBnB_cities_in_the_world/. Accessed on 04/05/17 7 Inside AirBnB Brussels, 2017. Available at: https://brussels.AirBnBcitizen.com/fr/. Accessed on 04/05/17. 8 AirBnBcitizen, Bruxelles, 2017. Available at: https://brussels.AirBnBcitizen.com/fr/. Accessed on 04/05/17. 9 Snapshot of Wimdu website, 2017. Available at: http://www.wimdu.com/search?search_geolocation=2071-brussels. Accessed on 04/05/17. 10 Snapshot of 9flats website, 2017. Available at: http://www.9flats.com. Accessed on 04/05/17. 11 Snapshot of HomeAway website, 2017. Available at: https://www.homeaway.co.uk/. Accessed on 04/05/17. 12 Snapshot of HomeExchange website, 2017. Available at: https://www.homeexchange.com/. Accessed on 04/05/17. 13 Snapshot of Bedycasa website, 2017. Available at : https://www.bedycasa.com/. Accessed on 04/05/17. 14Snapshot of 2dehand.be website. Available at: https://www.2ememain.be/. Accessed on 04/05/17. 15 Brukot website available at: https://www.brukot.be/search. Accessed on 04/05/17. 16 Snapshot of https://www.booking.com/ as of 10/08/2017. 17 Snapshot of https://www.tripadvisor.co.uk/ as of 10/08/2017. 18 Snapshot of https://www.flipkey.com/ and https://www.housetrip.com/ as of 09/08/2017. 19Brussels Hotels Association, 2015. Available at: http://brusselshotelsassociation.com/uploads/files/pressreleases/55a8c1b4501e1.pdf. Accessed on 04/05/17. 7
Task 4 – Annex 5 - Market Case study – Brussels 1.2 Overview of economic development of the collaborative economy accommodation market The hospitality sector is very important for the Belgian economy: according to the Belgian Statistics Office20, the hospitality industry (including food service activities) generated EUR 14,296,885 turnover in 2014. Short-term rentals accounted for EUR 368,392. In terms of enterprises operating in the sector, the hospitality industry is the fourth-largest employer in the country. According to the Brussels Tourism Observatory, in 2015, there were 37,849 accommodation listings in the region but there was no distinction made between short or long-term rentals.21 According to InsideAirBnB, in May 2017, there were 4,903 available listings on AirBnB22, while AirDNA, a similar information service, counted 4,489. Statista, based on AirDNA data, tracked the evolution in the number of available listings on AirBnB in Brussels between 2010 and 2017. Figure 2 displays this trend, which emphasises an exponential growth rate of AirBnB listings between 2010 and 2017. Figure 2: Number of AirBnB accommodations in Brussels between 2010 and 2017 Source: Statista (2017) 23, adapted from AirDNA The growth rate in AirBnB listings is also visible, in a more granular form, in monthly AirDNA statistics for Brussels between July 2015 and April 2017. As displayed in the figure below, the supply of AirBnB listings fluctuates according to the season. Overall, the supply increased over the period studied. 20 Belgium Statistics Office website. Structural business statistics, available at: https://bestat.economie.fgov.be/bestat/crosstable.xhtml?datasource=b9eca8ea-cdbe-4b07-b8ee-6928c406d146. Accessed on 04/05/17. No definition on short/long-term rental was available at the time of writing. 21 Brussels tourism observatory, 2015. Annual report of the Brussels tourism observatory, available at: https://visit.brussels/binaries/content/assets/pdf/annual_report_2015_en.pdf. Accessed on 04/05/17. 22 Inside AirBnB Brussels, 2017. The figures are the same than the ones retrieved from the Brussels tourism observatory report of 2015. Available at: http://insideAirBnB.com. Accessed on 04/05/17. 23 Statista, 2017. Nulber of Active AirBnB accommodations in Brussels from 2010 to 2017. Available at: https://www.statista.com/statistics/692600/active-AirBnB-accommodations-in-brussels-in-belgium/. Accessed on 04/05/17. 8
Task 4 – Annex 5 - Market Case study – Brussels Figure 3: Total available listings on AirBnB in Brussels region, by type, between July 2015 and April 2017 7.000 6.000 5.000 4.000 3.000 2.000 1.000 0 juil-16 juil-15 août-15 mai-16 nov-15 avr-16 août-16 nov-16 avr-17 sept-15 juin-16 sept-16 févr-16 févr-17 oct-15 janv-16 déc-15 mars-16 oct-16 janv-17 déc-16 mars-17 Entire Place Private Room Shared Room Source: AirDNA Statista, estimated the size and potential development of the “vacation rentals” 24 sector in Belgium. As Figure 4 shows, the sector is expected to grow up to about EUR 80 million (+281%) between 2015 and 2021, but a slower pace – decreasing from 44% (2015- 2016) to 12% (2020-2021). Figure 4: Overview of the current and estimated revenue and its growth trend in the “vacation rentals” sector in Belgium, 2015-202125 100 50% Percentage growth 80 40% EUR million 60 30% 40 20% 20 10% 0 0% 2015 2016 2017 2018 2019 2020 2021 Vacation Rentals Growth rate Source: Statista 1.3 Overview of applicable local rules and regulatory developments This sub-section provides a brief overview of the regulatory framework applied to collaborative short-term rental platforms and to peer-to-peer rentals in Brussels. More detailed information regarding this framework is available in Task 1 reports. Note that, while the Task 1 report assesses all relevant regulation passed up to January 2017, this case study expands the timeline to June 2017. Because of the different timelines, some small differences in the regulatory information presented may exist. 24 The “Vacation Rentals” segment comprises of private accommodation that was arranged and booked online. This includes private holiday homes and houses e.g. HomeAway, as well as short-term rental of private rooms or flats via portals such as Airbnb. 25 The figures were retrieved in USD and converted to EUR at European Central Bank rates for 2015 and 2016. As the latest USD-EUR exchange rate provided by the bank is for 2016, the same rate was used for converting figures for years 2017-2021. 9
Task 4 – Annex 5 - Market Case study – Brussels In Brussels-Capital region, the accommodation market for short-term rental is mainly regulated by two instruments: the Ordinance related to touristic accommodation, or the Ordinance, adopted in 201426. It establishes general conditions on the hosts that offer touristic accommodation. The Ordinance’s implementation decree of 24 March 2016, or the Implementation Decree27 adds specific requirements for hosts, based on the general conditions stipulated in the 2014 ordinance. For instance, hosts who want to rent their housing through online platforms are obliged to be registered to the Brussels administration. The Brussels Housing Code28, which addresses, among others, aspects related to housing quality. The regulatory framework forces providers who list their properties in the Brussels- Capital region to adhere to certain rules. Specific requirements apply, depending on the type of accommodation. For instance, among the obligations for a homestay accommodation, the host must welcome the tourists at their arrival, must be available during the stay, there must be at least one window in the bedroom. The main and most direct impact of those regulations is the obligation for the host to have their tourist accommodation registered with the local administration.29 Hosts must send a form with mandatory documents30 to the Brussels Economy and Employment service. This process awards hosts a registration number and a logo identifying the category of the housing they can then rent out as tourist accommodation. Finally, Belgian hosts must declare their income earned through home-sharing platforms. The platform itself is subject to VAT and since February 2017 must withhold a tourist tax of EUR 3 per night which is paid to the Brussels-Capital Region.31 1.4 Summary of indicators Table 1 presents an overview of indicators collected throughout the case study. Further information is provided in the following sections. Table 1: Summary of indicators No. Indicators Categories Value One bedroom EUR 626 Average market rental Two bedrooms EUR 731 prices for long-term rentals Three bedrooms EUR 900 (2016, monthly)32 All categories EUR 709 A1 AirBnB single room N/A AirBnB shared room N/A AirBnB entire EUR 2,436 home/apartment 26 Ordonnance relative à l’hébergement touristique 8 mai 2014. Available at: http://www.ejustice.just.fgov.be/cgi_loi/change_lg.pl?language=fr&la=F&cn=2014050850&table_name=loi. Accessed on 05/05/17. 27 Arrêté du gouvernement de la région de Bruxelles-Capitale portant exécution de l’ordonnance du 8 mai 2014 relative à l’hébergement touristique. Available at: http://www.ejustice.just.fgov.be/cgi_loi/change_lg.pl?language=fr&la=F&cn=2016032416&table_name=loi. Accessed on 05/05/17. 28 Impulse paper prepared for the European Commission, DG Grow, 2016. Ranchordas Sofia, Gedeon Zsuzsanna, Zurek Karolina. “Home-sharing in the Digital economy”. 29 Impulse paper prepared for the European Commission, DG Grow, 2016. Ranchordas Sofia, Gedeon Zsuzsanna, Zurek Karolina. “Home-sharing in the Digital economy”. 30 The documents required are: a proof of the identity, a civil liability insurance document, a copy of the property document or consent from the owner, a fire safety certificate, a certificate of compliance with land management and urban planning legal provisions. See: Brussels economy and employment regional service webpage available at: http://werk-economie-emploi.brussels/en_US/declaration- hebergement-touristique. 31 Before, the different « commnunes » of Brussels were in charge of this tax, hence a lack of harmonisation. 32 Average rental price for renting an entire property for long-term (more than 90 days) in the urban area considered. The value corresponds to the monthly average rent paid in the last reference year considered in this study. 10
Task 4 – Annex 5 - Market Case study – Brussels No. Indicators Categories Value Average market rental AirBnB all listing N/A prices for short-term categories rentals (2016, monthly)33 Hotel room EUR 3,284 Rooms 1,452 Rooms or residences Entire primary and secondary A2 available for short-term residences or touristic 2,978 rental 34 houses35 A3 Number of available residences (housing stock) 36 558,345 Number of available properties for long-term rental A4 N/A (vacant dwellings)37 Number of available properties offered through A5 6,633 collaborative short-term rental platforms For short-term rentals 51% (AirBnB) For hotel rooms 60.9% Short-term occupancy A6 Number of nights peer rate38 providers rent out their N/A property (AirBnB - median) For short-term rentals 3.2 (AirBnB) A7 Average length of stay39 For hotels or conventional 1.93 accommodation providers AirBnB providers (AirBnB, EUR 2,300/year median) Income gained through AirBnB providers A8 short-term rental EUR 4,944/year (InsideAirBnB, average) activities 40 Hotels or conventional N/A accommodation providers Percentage of total provider revenues accounted for by A9 N/A short-term rental activities (AirBnB)41 Total number of tourists B1 176,500 on AirBnB (2014-2016)42 33 Average rental price for renting a room or entire property on AirBnB or an average hotel on a short-term basis (less than 90 days) in the urban area considered. The value corresponds to the average daily rate on AirBnB or an average hotel multiplied by 30.4167 (in order to represent both months with 30/31 days). Note that the value does not consider potential discounts offered for renting a place for more than a day, even though such discounts are common on collaborative short-term rental platforms and in some hotels. The rooms considered in this indicator can accommodate up to two guests. 34 The sum of all listings, divided by rooms and entire places, found on the EU-level and local collaborative short-term rental platforms considered in this case study. Note that the values do not take into account the possibility of double listings, i.e. the same room or property being listed on multiple collaborative short-term rental platforms. The value, however, excludes listings in hotels, but it may include rooms in hostels or other type of touristic houses (e.g. B&Bs) that operate as businesses. 35 The information presented on collaborative short-term rental platforms does not allow us to distinguish between primary and secondary residences, or between residences (dwellings) and touristic houses. Where available, such distinctions for one or several collaborative short-term rental platforms are indicated in the text, while the indicator value corresponds to the sum of all entire listings available on the EU-level and local collaborative short-term rental platforms considered. 36 The total number of registered residences (dwellings) available in the urban area under study in the latest reference year considered. The number excludes all dwellings serving purposes other than residential ones. 37 The number of vacant residences (dwellings) out of the total number of registered residences (dwellings) in the urban area under study in the latest reference year considered. 38 The occupancy rate refers to the percentage of nights a given property is rented out, out of the total number of nights that property is available. Note that, depending on local laws, properties listed on collaborative short-term rental platforms may be subject to a maximum limit of calendar days of availability. This aspect is considered in the indicator: the ratio refers to the actual occupancy rate (i.e. considering the number of days the listing is available), rather than a theoretical occupancy rate, which assumes availability up to the maximum limit permitted, or up to the maximum number of calendar days per year. 39 The value refers to the average monthly length of rental for a property, either on collaborative short-term rental platforms using AirBnB as a proxy, or in conventional accommodation providers such as hotels. 40 The value refers to the yearly median or average income gained from the rental of an average listing on collaborative short-term rental platforms using AirBnB as a proxy, or for an average room rented via a conventional accommodation provider. Note that for collaborative short-term platforms, various sources are indicated, so as to provide a more impartial value for this indicator. 41 The value refers to the percentage of annual income of the peer provider accounted for by revenues deriving from their collaborative short-term rental platform activities. Due to data availability, the indicator uses AirBnB statistics as a proxy for all collaborative short-term rental platforms in the urban area under study. 42 The value refers to the yearly number of individuals that used collaborative short-term rental platforms for accommodation, taking AirBnB as a proxy for the industry. Note that this is not the same as the total number of nights spent in AirBnB listings, since 11
Task 4 – Annex 5 - Market Case study – Brussels No. Indicators Categories Value Number of tourists using Total number of nights collaborative short-term spent in AirBnB locations N/A rental platforms (2016)43 Share of collaborative Nights spent (2016)44 N/A economy users out of B2 Number of tourists tourists using conventional 5% accommodation services (2016)45 tourists may rent out properties as a group, rather than as individuals. The value also ignores the number of nights stayed per guest, which is considered in the indicator “Total number of nights spent in AirBnB locations”. 43 The value refers to the total number of nights during which listings on the collaborative short-term rental platform AirBnB were rented during the latest year considered in this study. The value is computed using the following formula: [(total number of tourists using AirBnB listings as accommodation in the given year) x (average length of stay in an AirBnB listing)] / (average size of the group renting an AirBnB property). 44 The value refers to the ratio between the number of nights spent in AirBnB listings, taking AirBnB as a proxy for all collaborative short-term rental platforms activity, and the number of nights spent in conventional accommodation providers. 45 The value refers to the ratio between the number of tourists using AirBnB listings for their accommodation, taking AirBnB as a proxy for all collaborative short-term rental platforms activity, and the number of tourists using conventional accommodation providers. 12
Task 4 – Annex 5 - Market Case study – Brussels 2 Real estate and housing availability This section gives an overview of the real estate market and housing availability in Brussels, notably rental prices, number of available properties and occupancy rates. Due to lack of data on other collaborative short-term rental platforms and given the comparative size of AirBnB’s offer (almost 4,500, according to AirDNA, compared to 1,100 on GuestToGuest or 653 on HomeAway, its closest competitors), AirBnB is used as a proxy for the collaborative economy market when no other data are available. 2.1 Overview of average rental market prices Brussels-Capital has the most expensive real estate market among the three Belgian regions.46 According to the Rent Observatory for Brussels-Capital, in 2015, the average rental market price for long-term rentals47 was EUR 709.48 The median rent was EUR 650, with a quarter of rents below EUR 535 per month and a quarter above EUR 800 per month. The average rental market price for long-term rentals increased by 11% between 2010 and 2015. According to the Rent Observatory, the increase could be due to a more active real estate market, and to an increase in property prices.49 See Figure 5, for an overview of the long-term rent of one bed-room apartments in Brussels inside the city centre and outside of the city centre and Table 2 for the average monthly rents for long-term rentals in 2016. Figure 5: Long-term rent of one-bedroom apartments in Brussels (in EUR) 900 800 700 Rent prices in EUR 600 500 400 300 200 100 0 2012 2013 2014 2015 2016 2017 In the city centre Outside of the city centre Source: https://www.numbeo.com/cost-of-living/ While the rental price, on average, was EUR 709 in 2015, rents depend on various factors, such as location, amenities, surface and number of rooms. A dwelling smaller than 28 m² was, on average, EUR 432 in 2015, while one larger than 104 m² was EUR 46 In comparison, in 2016 a house in Flanders costed EUR 224.566, EUR 153.595 in Wallonia and EUR 406.943 in Brussels. Note that the Region of Brussels-Capital is only composed of the 19 Brussels municipalities (“Communes”). See the Statistics Belgium website, Real estate market, 2016. Available at: http://statbel.fgov.be/fr/binaries/COMMUNIQU%C3%89%20DE%20PRESSE%20prix%20immo%202016_S1_tcm326-279884.pdf .Accessed on 10/05/17. 47 In this study, long-term rentals are understood to be rooms or entire properties rented out over a period exceeding any short-term threshold imposed by local laws (see definition of “short-term rental”). See sub-section 1.3 for a description of such thresholds. Where there is no such threshold, it is assumed to be a period longer than 120 days per year. 48 Observatory for the rent, Brussels-Capital region, 2015. Observatoire des loyers, enquête 2015. Available at: http://www.slrb.irisnet.be/publications/observatoire-regional-du-logement/observatoire-des-loyers-2015/view Accessed on 10/05/17. 49 Ibid. 13
Task 4 – Annex 5 - Market Case study – Brussels 1,032. Location-wise, the district of Etterbeek is the most expensive, at EUR 12.9/m2, while Berchem-Sainte-Agathe is the cheapest one with a rent of EUR 9 m2.50 Table 2: Average monthly rents for long-term rentals in 2016 Categories Average (EUR) One bedroom 626 Two bedrooms 731 Three bedrooms 900 Source: Societe du lodgement de la region de Bruxelles-Capitale (2015). Observatoire des Loyers - Enquete 2015. Available at: http://www.slrb.irisnet.be/publications/observatoire-regional-du-logement/observatoire- des-loyers-2015/view To illustrate the average market price for short-term rentals, the AirBnB average nightly rate is used as a proxy. Based on data from AirDNA, average monthly rent prices on AirBnB were about 3.7 times higher than long-term rentals in 2015. Nevertheless, it appears that average market prices for short-term rentals have slightly decreased between July 2015 and April 2017. This study uses the price of AirBnB entire place average as a comparable alternative to hotel room (double-bed standard room). This alternative is considered comparable because it offers the same level of privacy (e.g. own key, own entrance and private bathroom facilities). Hotel rooms, in this study, are not compared with AirBnB listed rooms because the level of privacy is lower on AirBnB. AirBnB listings are generally cheaper than hotels - the average entire property on AirBnB in 2015 costed EUR 80/day, while the average price for a hotel room was EUR 107.7/day. 51 Table 3: Average daily and monthly rates for AirBnB listings and hotel rooms in 201652 Categories Average daily Average monthly (EUR) (EUR) AirBnB all listing categories N/A N/A AirBnB entire home/apartment 80 2,436 AirBnB single room N/A N/A AirBnB shared room N/A N/A Hotel room 108 3,284 Source: AirDNA data for AirBnB listings in 2016, calculated as an average of all monthly daily rates Table 4 summarises the figures presented in this section and shows an overview of the average rental market prices for long- and short-term rentals in Brussels. As described above, short-term rentals cost 3.7 times more than long-term rentals, while hotel rooms were even higher, at 4.6 times. Table 4: Summary overview of average monthly rental market prices for long- and short-term rentals in 2015 No. Indicators Categories Value (EUR) One bedroom 626 Average market rental Two bedrooms 731 A1 prices for long-term Three bedrooms 900 All categories 709 50 The data are retrieved from the website Rentswatch which compares the average price for rental contracts within the last 6 months rent of several European cities. SSo far 21,507 flats prices were analysed. See: http://www.rentswatch.com/#!/city/brussels. Accessed on 29/05/17. 51Visit Brussels, 2015.Observatory of the hotels. Available at: https://visit.brussels/binaries/content/assets/pdf/baro_hotels_2015_12.pdf 52 Average rental price for renting a room or entire property on AirBnB or an average hotel on a short-term basis (less than 90 days) in the urban area considered. The value corresponds to the average daily rate on AirBnB or an average hotel multiplied by 30.45 (in order to represent both months with 30/31 days). Note that the value does not consider potential discounts offered for renting a place for more than a day, even though such discounts are common on collaborative short-term rental platforms and in some hotels. The rooms considered in this indicator can accommodate up to two guests. 14
Task 4 – Annex 5 - Market Case study – Brussels No. Indicators Categories Value (EUR) rentals (2016, monthly)53 AirBnB single room N/A AirBnB shared room N/A Average market rental AirBnB entire prices for short-term 2,436 home/apartment rentals (2016, AirBnB all listing monthly)54 N/A categories Hotel room 3,284 2.2 Overview of number of vacant properties As an indication for the current housing stock, please see the figure below, where the number of registered residences in Brussels is given for the years 2012-2015 from EUROSTAT. Figure 6: Number of registered residences (housing stock) in Brussels 600.000 400.000 200.000 0 2012 2013 2014 2015 Source: Eurostat (urb_clivcon, urb_cpop1) As of June 2017, there are 6,633 available properties for short-term rental in Brussels, including the listings from the following collaborative short-term rental platforms (as mentioned in section 1). Note that, as explained in sub-section 1.1, the overall figure does not make any provision for potential double listings, i.e. properties listed on more than one platform, and therefore double counted: AirBnB: 4,489 available listings, among which: - 1,452 private rooms (32.3% of all listings), - 2,978 entire homes/flats (66.3% of all listings); and - 59 shared rooms (1.3% of all listings)55. Wimdu: 214 available listings, among which 29 private rooms, 182 flats and 3 houses56. 9flats: 139 available listings, among which 5 studios, 127 flats, 4 houses and 3 B&B-type accommodations57. Homeaway: 619 available listings, among which 67 studios and 552 flats58. Home exchange: 28 listings, among which 12 flats, 12 houses, 1 villa and 3 lofts59. 53 Average rental price for renting an entire property for long-term (more than 90 days) in the urban area considered. The value corresponds to the monthly average rent paid in the last reference year considered in this study. 54 Average rental price for renting a room or entire property on AirBnB or an average hotel on a short-term basis (less than 90 days) in the urban area considered. The value corresponds to the average daily rate on AirBnB or an average hotel multiplied by 30. Note that the value does not consider potential discounts offered for renting a place for more than a day, even though such discounts are common on collaborative short-term rental platforms and in some hotels. The rooms considered in this indicator can accommodate up to two guests. 55 According to data retrieved from AirDNA on 09/06/2017. Available at: https://www.airdna.co/city/be/brussels 56Listings available the 29/05/17 on the Wimdu website. Available at: http://www.wimdu.com/. Accessed on 29/05/17. 579flats website available at: https://www.9flats.com. Accessed on 29/05/17. 58HomeAway website, availabe at: https://www.homeaway.co.uk/. Accessed on 09/06/17 59Homeexchange website available at: https://www.trocmaison.com/fr/. Accessed on 29/05/17. 15
Task 4 – Annex 5 - Market Case study – Brussels GuestToGuest: 1,100 available listings60. Bedycasa: 44 available listings, among which 25 rooms and 19 flats61. This study does not make a distinction between primary and secondary residences, and between residences and holiday homes. This is because there is no indication on the collaborative short-term rental platforms of the type of residence the listing is. Even though platforms may indicate whether the listing is an apartment, house or other (e.g. castle, boat, bungalow, etc), it is not clear whether they are the owner’s primary or secondary residences. The same is true for rooms, which could be in a primary or secondary residence. The sum of short-term rental properties in Brussels should be taken as an approximation. First, it is difficult to list all collaborative short-term rental platforms due to the size of the accommodation offer. Second, attention must be paid to the duplication of listings, as hosts may advertise the same room or property across multiple platforms. Unfortunately, no adequate proxy as to the percentage of duplicate listings could be found for Brussels. AirBnB, in its review spanning from September 2014 through August 2015, found that 85% of hosts have a single listing62, which suggests that the short-term rental activity is an occasional one. InsideAirBnB puts the same figure, in June 2017, at 64% 63. One interviewee from the Economics and Employment department of the Brussels- Capital Region indicated that several firms in the city help hosts advertise their properties on several collaborative short-term rental platforms at once.64 In line with the Ordinance related to tourist accommodations, the touristic accommodation need to be registered before the activity starts. To date, according to our interviewees, around 2,000 forms have been submitted.65 The number of available properties offered through collaborative short-term rental platforms is, therefore, 6,633. This is the sum of all rooms and properties offered through the collaborative short-term rental platforms considered in this study. The figure generally excludes accommodation provided via traditional means, such as hotels, hostels or bed and breakfasts. However, in certain circumstances, hostel and bed and breakfasts managers list their properties on collaborative short-term platforms (e.g. AirBnB), and it is difficult to immediately distinguish between peers and professionals. While the figure for the number of available properties offered through collaborative short-term rental platforms tries to exclude professionals (e.g. by avoiding hotels/hostels from the counting on websites such as Booking.com, or by only considering “holiday rentals”, rather than “hotels” on TripAdvisor), it may nevertheless include some. There is no data concerning the number of available properties for long- and short- term rental in Brussels-Capital region, understood as the number of vacant dwellings. According to the Brussels Statistics Office, in January 2016, there were 162,645 residential dwellings in the region.66 Another report from the national statistics office from 2001 (latest available) indicated that 41% of residents in the Brussels-Capital region owned their own house, thus leaving a substantial percentage of residential 60 Information retrieved from GuestToGuest during a phone interview on 24/04/2017. 61 Bedycasa website available at : https://fr.bedycasa.com/ . Accessed on 29/05/17 62 AirBnB, 2015. Overview of the AirBnB Community in Belgium available at: https://www.AirBnBaction.com/wp- content/uploads/2015/11/Belgium-V3.pdf. Accessed on 29/05/17. 63 Inside AirBnB, 2015, Brussels available at : http://insideAirBnB.com/brussels/#. Accessed on 12/06/17. 64 Interview with a representative of the Economics and Employment department of the Brussels-Capital Region conducted the 18/05/17. 65 The figures given by the two contacts we interviewed vary between 1,800 and 2,000. 66 Institut Bruxellois de Statistique et Analyse (2017). Aménagement du territoire et immobilier. Available at: http://ibsa.brussels/themes/amenagement-du-territoire-et-immobilier#.WTrajMa1vIU 16
Task 4 – Annex 5 - Market Case study – Brussels dwellings for the rental purposes.67 It is unclear, however, what percentage of such dwellings is vacant. To counteract the data gap, an informal platform, sponsored by the region, was launched where people can indicate the housing that seem to be unoccupied. Even if the tool has an informal feature, at least 200 places were identified as vacant at the time of drafting.68 Although the link between short-term accommodation offers and housing supply is difficult to be clearly identified, stakeholders interviewed for this case study estimated69 that the principal negative impact of collaborative short-term rental platforms on the housing market is the shortage of available dwellings for permanent residents. Table 5: Summary overview of number of available properties -Brussels No. Indicators Number A2 Number of rooms in primary residences (Airbnb) 1,452 Number of entire primary and secondary residences A2 2,978 (Airbnb) Number of available properties for short-term rental A2 6,633 (sum of platforms) A3 Number of available residences (housing stock) 558,345 Number of available rooms/properties offered through A5 6,633 online means (sum of platforms) 2.3 Overview of occupancy Data regarding the short-term occupancy rate for collaborative short-term rental platforms are only available for AirBnB, which is used as a proxy for the sector. According to InsideAirBnB, the short-term occupancy rate of AirBnB listings in Brussels was 22.9% in June 2017.70 AirDNA puts the same number, using a different calculation technique, at 64.6% in April 2017. The Brussels tourism observatory notes that the occupancy rate for hotels in Brussels was 70.5% in April 2017.71 In an interview, local stakeholders highlighted the risk of the occupancy rate, namely the fact that the property remains empty for a considerable period, and therefore is off the market for residents.72 Based on AirDNA, Figure 7 below shows the occupancy rates of AirBnB all listings and hotel rooms in Brussels. 67 The data are available on the website of the Brussels Institute for Statistics and Analysis at: https://monitoringdesquartiers.brussels/indicators/analysis/part-des-logements-occupes-par-le-proprietaire/. Accessed on 29/5/17. 68 The map is the result of a collaborative work from citizen and sponsored by the Brussels-Capital Region. See the website of logementsvides.be available at: http://www.logementsvides.be/index.html. Accessed on 29/05/17. 69 Interviews with a representative of the Economics and Employment department of the Brussels-Capital Region conducted the 18/05/17 and with a representative of the Brussels Tourist Office conducted the 10/05/17. 70 Inside AirBnB website available at: http://insideAirBnB.com/brussels/#. Accessed on 12/06/17. 71Visit Brussels (2017). Hotel Barometer 2017. Available at: https://app.powerbi.com/view?r=eyJrIjoiZjgzZWQ4ZTgtZDRlZS00Nzc2LTgzY2YtMmY2MjliN2QwYWRhIiwidCI6IjQ2MDgzNGE2LTYyZTg tNDNiYS1hOTQ0LTllMGI5ZjAzNGZmYyIsImMiOjh9. Retrieved on 12/06/2017. 72 Interview conducted with a representative from the Brussels Tourism Office the 10/05/17. 17
Task 4 – Annex 5 - Market Case study – Brussels Figure 7: Occupancy rate AirBnB all listings and hotel rooms73 80,00% 70,00% 60,00% 50,00% 40,00% 30,00% 20,00% 10,00% 0,00% nov-16 juil-15 juil-16 août-15 sept-15 nov-15 avr-16 août-16 mai-16 juin-16 sept-16 avr-17 janv-16 janv-17 oct-15 déc-15 févr-16 mars-16 oct-16 févr-17 mars-17 déc-16 Brussels AirBnB Brussels Hotel Source: AirDNA On average, tourists who visited Brussels between September 2014 and August 2015 and used AirBnB stayed 3.2 days.74 In comparison, in 2014, even if the year of reference is different, a tourist stayed on average 1.93 day regardless of the accommodations type other than AirBnB.75 The data suggest that collaborative economy users tend to stay longer than users of traditional accommodation services, as confirmed in London by Quattrone et al (2016).76 Table 6 provides an overview of the findings presented in this sub-section. Table 6: Summary overview of occupancy -Brussels No. Indicators Value Short-term occupancy rate for rooms/properties 51% advertised online (AirDNA) Short-term occupancy rate for rooms/properties A6 22.9% advertised online (InsideAirBnB) (2017) Short-term occupancy rate for hotels 60.9% Average length of short-term rentals (AirBnB) 3.2 A7 Average length of stay of overnights visits in 2014 1.93 73 Booked Listing Nights divided by Available Listing Nights. 74 AirBnB, 2015. Overview of the AirBnB Community in Belgium available at: https://www.AirBnBaction.com/wp- content/uploads/2015/11/Belgium-V3.pdf. Accessed on 29/05/17. 75 Visit Brussels, 2014. Annual report of the tourism observatory in Brussels. Available at: https://visit.brussels/binaries/content/assets/pdf/rapport_2014.pdf. Accessed on 30/05/17 76 Quattrone, G., Proserpio, D., Quercia, D., Capra, L., Musolesi, M. (2016). Who Benefits From The ‘Sharing’ Economy of AirBnB. International World Wide Web Conference. WW2016, April 11-15, 2016. Montreal, Quebec, Canada. 18
Task 4 – Annex 5 - Market Case study – Brussels 3 Income and other tourism indicators This section highlights the impacts of the collaborative economy accommodation market on providers’ income and tourism in the city. In doing so, it aims to estimate the broader economic potential of the sector. 3.1 Income indicators The revenues that Brussels short-term accommodation providers earn from their collaborative economy activity are often additional to their main source of income. This section uses the income earned by typical AirBnB hosts as a proxy, given the limited data availability on other collaborative short-term rental platforms. AirBnB found that, from September 2014 to August 2015, its Brussels hosts welcomed 176,500 guests, and hosted 39 days on average. This inflow of AirBnB guests helped the typical host earn EUR 2,300 a year, or EUR 191.6 per month (median). InsideAirBnB, however, estimates that in 2016 an AirBnB host in Brussels earns, on average, EUR 412 per month, or EUR 4,944 per year77. Revenues from collaborative rental activities typically account for a small part of hosts’ overall income levels. Nevertheless, in the case of AirBnB hosts in Brussels, according to an AirBnB report, 44% of hosts use AirBnB income to make ends meet, while 44% use it to cover regular household expenses. In addition, 67% of AirBnB hosts in Brussels, according to the platform, report rent and mortgage as their largest monthly expense.78 Table 7 provides a brief overview of the income indicators identified in this section concerning AirBnB hosts in Brussels. Table 7: Summary overview of income indicators – Brussels No. Indicators Value (EUR) Income gained through short-term rental 4,944/year activities (Inside AirBnB) A8 Median income gained through short-term rental 2,300/year activities (AirBnB) 3.2 Tourism indicators In 2015, the Brussels tourism sector suffered the negative consequences of that year’s terrorist attack in Paris in November. VisitBrussels, the city’s Tourism Office, highlighted that in terms of occupation, the 10 first months were better than in 2014. The Paris terrorist attack that followed, as well as the Brussels lock-down lead to a drop in the city’s November occupancy rate of 14.8 percentage points compared to the same period in 2014.79 Brussels registered 3.54 million hotels arrivals in 2015 for 6.79 million overnight stays. Not all neighbourhoods benefitted equally from the tourism inflows: the Airport and city centre areas (Grand Place, Midi Gare station) were the suburbs with the highest hotel occupancy rate.80 77 Data from May 2017. Inside AirBnB website available at: http://insideAirBnB.com/brussels/#.Accessed on 20/09/17 78 AirBnB, 2015. Overview of the AirBnB Community in Belgium available at: https://www.AirBnBaction.com/wp- content/uploads/2015/11/Belgium-V3.pdf. Accessed on 29/05/17. 79 Visit Brussels (2015). Annual report of the Brussels tourism observatory 2015. Available at: https://visit.brussels/binaries/content/assets/pdf/annual_report_2015_en.pdf. Retrieved on 30/05/17. 80 The hotel occupancy rates were respectively of 77%, 77%, 76% for this neighbourhood compare to an average of 72%. Ibid. 19
Task 4 – Annex 5 - Market Case study – Brussels In comparison to traditional touristic accommodation, 176,500 tourists used AirBnB from September 2014 to August 2015. Therefore, circa 5% of tourists stayed in Brussels using collaborative short-term rental platforms rather than traditional means. The impact of the collaborative economy on the traditional hospitality industry is difficult to single out. However, a representative from Visit Brussels estimated that the overall impact of collaborative short-term rental platforms was weaker in Brussels than in other cities. The presence of the European institutions partly explains this trend: before AirBnB’s arrival, a market of short-term accommodations was already present in Brussels due to the institutions meetings and other related events.81 The table below summarizes the tourism indicators for Brussels. Table 8 Summary overview of tourism indicators – Brussels No. Indicators Number Total number of tourists using traditional B1 3,540,000 accommodation Total number of tourists using AirBnB between B1 176,500 September 2014 – August 2015 Ratio of tourists using AirBnB accommodation to B2 tourists using traditional accommodation locations 5% in 2015 81 Interview with a representative of the Brussels Tourist Office conducted the 10/05/17. 20
Task 4 – Annex 5 - Market Case study – Brussels 4 Impact on local communities This section describes positive and negative implications of the collaborative economy accommodation offer on local communities in Brussels. 4.1 Development of ancillary services The tourism inflows and Airbnb arrivals mentioned in section 3.2 represent a potential important source of revenues and economic development for Brussels. According to Eurostat, in 2014, there were 1.263 million of local units active (this term relates to enterprises or part thereof82) in Belgium83. The same year, with 166.467 units, the region of Brussels-Capital gathered 12% of the total local units. In the only accommodation sector84, in 2014, there were 3,634 local units active in Belgium for 390 in the Brussels-Capital region itself85. This represents an increase of 14% compared to 201086. There are no available studies or data about the direct impact of collaborative short- term rental platforms on the development of local businesses in Brussels. However, AirBnB, in its economic impact study on several cities estimates that tourists using the platform will spend an average of 2.1 more money than other tourists while 42% of the expenditures per visitor stay in the same area in which they stay87. It can be assumed that the phenomenon is similar in Brussels. For instance, the vice- president of the Federation of Hotels, Restaurants and Coffees of Brussels stressed the increase of income in local services due to the arrivals of tourists via AirBnB.88 Besides, the collaborative short-term rental platforms may also diversify the touristic offer. As 70%89 of the AirBnB listings are located outside the centre of Brussels it can help to develop outskirts areas. Our interview conducted with a member of the Economics and Employment department of the Brussels-Capital Region tends to confirm such a trend. It seems that according to some remote areas municipalities, the local businesses have noticed a growth of customers90. 4.2 Housing supply changes Based on data from Eurostat, the total number of nights spent in holiday or other short- stay accommodation in Belgium (other than hotels, not including collaborative economy platforms either), increased by 3.4% between 2015 and 2016, while it dropped by 9.9% 82 Eurostat defines local units as “an enterprise or part thereof (e.g. a workshop, factory, warehouse, office, mine or depot) situated in a geographically identified place. At or from this place economic activity is carried out for which - save for certain exceptions - one or more persons work (even if only part-time) for one and the same enterprise”. See Eurostat, structural business statistics, available at: http://ec.europa.eu/eurostat/cache/metadata/en/sbs_esms.htm. Accessed on 14/06/17 83 Data extracted from Eurostat (2017), SBS regional data for all activities by NUTS 2 regions and NACE Rev2, available at: http://appsso.eurostat.ec.europa.eu/nui/show.do?dataset=sbs_r_nuts06_r2&lang=en. Accessed on the 15/06/17. We selected the broadest sector of activity available for Belgium and Brussels-Capital as well. The sectors of activity represented are: mining and quarrying; manufacturing; electricity, gas, steam and air conditioning supply; water supply, sewerage, waste management and remediation activities; construction; wholesale and retail trade, repair of motor vehicles and motorcycles; transportation and storage; accommodation; information and communication; real estate activities; professional, scientific and technical activities; administrative and support service activities. 84 The Nace code l55 is used as a reference. The latter covers hotels and similar accommodation, holiday and short-stay accommodation, camping grounds, recreational vehicle parks and trailer parks. 85Eurostat (2017), SBS regional data for all activities by NUTS 2 regions and NACE Rev2, available at: http://appsso.eurostat.ec.europa.eu/nui/show.do?dataset=sbs_r_nuts06_r2&lang=en. Accessed on the 15/06/17 86 According to the above mentioned Eurostat source those local units were of 342 in 2010. 87 AirBnB. Les conséquences économiques du partage de domicile dans les villes à travers le monde. Available at: https://fr.AirBnB.com/economic-impact. Retrieved on 30/05/17 88 AirBnBcitizen (2017). Le partage du logement à Bruxelles. Politique, économiste et professionnel du tourisme prennent la parole. Available at: https://brussels.AirBnBcitizen.com/fr/le-partage-du-logement-bruxelles/. Retrieved on 30/05/17. 89 Ibid. 90 Interview with a representative of the Economics and Employment department of the Brussels-Capital Region conducted the 18/05/17. 21
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