Spain fines Airbnb $75 million for unlicensed tourist rentals

MADRID, Spain — Spain’s government has fined Airbnb 64 million euros ($75 million) for advertising unlicensed tourist rentals, officials said Monday. The move is the latest government action in Spain against short-term rental companies such as Airbnb and Booking.com as the country grapples with a housing affordability problem, particularly in city centers. READ: pilgrims-turn-spains-santiago-de-compostela-into-overtourism-hotspot The consumer rights ministry said