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Mexico City brings in new tax, occupancy rules for rental platforms like Airbnb and Booking
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Mexico City brings in new tax, occupancy rules for rental platforms like Airbnb and Booking
Apr 4, 2024 7:40 AM

MEXICO CITY, April 4 (Reuters) - Mexico's capital

revised regulations for rental platforms such as Airbnb ( ABNB ) 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 locals complaining that popular apps like

Airbnb ( ABNB ), Booking and Trivago

contribute to gentrification and spiking housing costs.

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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