MADRID: Spain’s leftist government said Monday it had fined Airbnb more than 64 million euros ($75 million), notably for posting listings for banned rental properties, at a time the country faces a housing crisis.
The fine is final, the consumer affairs ministry said in a statement, adding the US holiday-rental giant must “correct the violations by deleting illegal content.”
The ministry said 65,122 adverts on Airbnb breached consumer rules, including the promotion of properties without a license or those whose license number did not match with data in registers.
The fine is equivalent to six times the illegal profit made by Airbnb between the time the company was warned about the offending adverts and before they were taken down, the ministry added.
A tourism boom has driven the buoyant Spanish economy but fueled local concern about increasingly scarce and unaffordable housing, a top priority for the minority coalition government.
