The vacation rental business is currently worth $100bn but Airbnb is reportedly still not profitable, and the competition is growing. Sally White reports.

Cities may be fighting to restrict it, but the Airbnb genie is out of the bottle! London and Amsterdam have just become the latest cities to push back on Airbnb growth ambitions. In New York a deal was struck a few days ago to curb hosts' large-scale rentals that are in effect unofficial hotels.

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