Spain May Limit Holiday Home Rentals to Boost Hotel Industry

Crony capitalism overseas

Alarmed at the number of tourists now choosing to rent accommodation privately instead of through hotels and registered tour companies, Spain's parliament is poised to pass a new law that will restrict the right of home owners to engage in holiday-lettings.

The new legislation has been called a "death blow" to a growing sector that contributes hugely to Spain's economy and provides many hard-up families with a lifeline at a time of economic hardship.

The move means it will be illegal to rent out property through websites unless it has the correct licence and has been approved by regional tourism authorities.

(Hat tip to Nick Sibilla)