The European Union (EU) warned member states against banning sharing businesses like Airbnb and Uber, stating that outright bans should be used only as a last resort to attain public interest and that governments should instead implement more moderate regulations, which the sharing companies have had to navigate through. The European Commission advocated the EU's guidelines on regulating sharing businesses companies and warned that they were pulling massive revenues generated estimated at around 28 billion Euros across Europe.
Airbnb, Inc. is a privately held global company headquartered in San Francisco that operates an online marketplace and hospitality service which is accessible via its websites and mobile apps. Members can use the service to arrange or offer lodging, primarily homestays, or tourism experiences. The company does not own any of the real estate listings, nor does it host events; as a broker, it receives commissions from every booking.