AirBnB tightens accommodation regulations in major cities

Home-sharing website AirBnB has introduced new limits on the number of nights for which guests can book accommodation, as it faces pressure from city councils and national governments.

AirBnB allows hosts to rent out their houses and apartments when they are not on the property, but a statement from the group has confirmed those renting out in London and Amsterdam will have limits on the number of days they can rent it.

In the English capital the licence will be needed if the hosts wish to rent their apartment for 90 days or more per year, while in Amsterdam the limit will be 60 days.

The changes to the company's policy will come into effect from 2017.

"We want to be good partners for everyone and ensure home sharing grows responsibly and sustainably," James McClure, Airbnb general manager for Northern Europe, said.

Urban authorities have expressed concern that residents' cost of living has been increased by the platform.

AirBnB earlier this year filed to raise $850m in funds, valuing the company at around $30bn. It is one of the best examples of the emerging "on-demand" economy whose values are being discussed by world economic leaders. The likes of Uber and Lyft are also part of this new industry, but have come under criticism for exploiting their workers.