for the Daily Maverick, Mike Wills argues that Cape Town should closely observe how cities like Barcelona are addressing the challenges posed by Airbnb and implement similar strategies to bolster its long-term rental market.While the tourism industry generates 14% of the city's revenue and supports approximately 150,000 jobs, it is increasingly making life unlivable for its residents.
He adds that the problem is escalating as developers focus on constructing tower blocks with small apartments intended solely for short-term rentals.- Mike Wills, Journalist
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