Airbnb

Cities see red over short-term rental party houses

Illustration: Aïda Amer/Axios

Private properties in Sunbelt tourist magnets are increasingly up for rent on short-term-rental platforms like Airbnb, HomeAway and Vrbo — prompting some local officials to fight back.

Why it matters: Cities are on edge after some high-profile incidents, including a shooting that killed five at a Halloween party held at an Airbnb rental in a San Francisco suburb last month. Afterwards, Airbnb banned "party houses" and cracked down on unauthorized conduct.

Airbnb COO Belinda Johnson steps down

Photo: Thomas Trutschel/Photothek via Getty Images

Airbnb COO Belinda Johnson, who joined the company in 2011, is stepping down from the position and joining the board of directors.

Why it matters: Johnson is the company's longest-serving executive, and Airbnb's executive changes are being closely watched as it gears up for a long-awaited IPO.

Go deeper: New York City is making Airbnb investors nervous pre-IPO