Airbnb faces familiar battle in Cape Town

Airbnb faces familiar battle in Cape Town

The share of residential accommodation in Cape Town’s central business district that city planners estimate is used for tourist stays rather than long-term housing. The figure, which includes units that are hotel-managed or listed on short-term rental platforms such as Airbnb, has become a proxy for how deeply tourism has penetrated the city center housing market.For Airbnb, the number marks a familiar danger zone: In cities where tourist rental…