The Swiss city of Lucerne is the latest to place restrictions on short-term rentals. Lucerne citizens voted (64 percent) to limit short-term rental stays to a maximum of 90 days per year.
Lucerne is the fifth city in Switzerland after Geneva, Zurich, Basel and Bern to cap short-term rentals. The initiative was led by Social Democratic Party, aimed to cap rentals available on a temporary basis to make more housing available to residents of the city.
Bern is one of the top tourist destinations in the country, and those opposed to the move warned that it might risk losing incoming tourists.
Switzerland joins a number of cities across Europe to curtail short-term rentals via platforms like Airbnb, Vrbo. Earlier this month, Portugal proposed a ban on issuing new licenses to operate short-term rentals in a move to manage the cost-of-living and housing crisis.
There are similar restrictions in Madrid, Andalusia, Barcelona and Valencia in Spain.
This comes on the heels of the European Commission approving new rules about collecting and sharing data on short-term accommodation at EU level. Beyond data-sharing, the EU-level regulations aim to reduce fragmentation among local communities, clamp down illegal listings and promote sustainable tourism in keeping with local laws and regional mandates across Europe.