Airbnb, the home rental platform, has seen its shares fall sharply after revealing that its pandemic era ban on parties is to be made permanent.
The company said its curbs on so-called party houses, which were first introduced in 2020 as the coronavirus crisis gathered pace, would remain in place following a sharp fall in reports of unauthorized gatherings.
It reported a 44% decline on an annual basis amid its efforts to stop persistent offenders or properties creating a nuisance.
In the UK, the number of complaints dipped by 63%.
Nevertheless, more than 6,600 guests and some hosts were suspended globally in 2021 for attempting to violate the party ban, Airbnb said.
It did relax one rule; the 16-person limit at a single premises which, the company said, would allow larger properties on the platform to reach full occupancy.
Airbnb admitted its crackdown on bad behaviour would remain a work in progress.
"This is an issue where I don't know if I'd say there's a finish line," Ben Breit, a spokesperson for the company, added.
Shares ended the day almost 4% lower, falling more sharply than the wider Nasdaq index, with its update potentially seen as a threat to revenue ahead.
(c) Sky News 2022: Airbnb faces backlash as its global pandemic party ban is made permanent
Plans For 800 New Horsham Homes Refused
‘Life-Changing’ Medication For Asthma Patients Now Available In Sussex
Arms Factory Demonstrator Disrupts Brighton & Hove Council Meeting
Patients Forced Into 'Pharmacy Bingo' - As Survey Says Medicine Shortages 'Beyond Critical'
Appeal for information After Man Dies In Hastings Collision
Wealden To Hold National Dementia Action Week This Month
Brighton Food Festival To Be Charged For Mud Bath
Hastings Restaurants Stripped Of licences Following Assault Of Employee
Littlehampton Sex Attacker Jailed After Extraordinary Act Of Bravery From Female Officers
Appeal To Identify Men In Connection With Hastings Criminal Damage