Latin America is Airbnb's fastest-growing market

As Airbnb Inc. turns its attention to Latin America, the often-combative company is taking an unusual approach. It’s giving local governments what they want. The home and apartment-rental company said it will collect and remit taxes in Mexico City, the first such arrangement in Latin America. Airbnb will provide 3 percent of revenue generated from bookings in Mexico City to the city’s government. Hotels there also pay a 3 percent lodging tax to local officials. Airbnb said it intends to replicat...

Share this post