The short-term rental company will only work with developers whose workers are unionized with the United Brotherhood of Carpenters and Joiners of America. It is investing in at least 10 real estate developments over the next three years. (The Wall Street Journal)
Talking point: The move coincides with mounting regulatory pressure on the company from governments, affordable housing advocates and the hotel industry, and could boost Airbnb’s credibility with policymakers as it expands its rental-platform business to include working directly with landlords and developers constructing or renovating buildings and units specifically for its service. Partnering with unions—which have political clout in some of the U.S. cities in which Airbnb operates—could help the company avoid regulatory blows like those it’s seen in cities like Toronto and New Jersey, where local governments have passed laws to limit short-term rentals.