They are very lucrative, so landlords take apartments off the market to turn them into AirBnBs. This raises rent prices in touristic areas.
Beyond that, it means you might have loud neighbours you can't control or a constant traffic of visitors in your building. They are not regulated like hotels, nor taxed like them.
Beyond that, it means you might have loud neighbours you can't control or a constant traffic of visitors in your building. They are not regulated like hotels, nor taxed like them.