Friday, November 29, 2024 Lisbon, the vibrant capital of Portugal, has long been a beloved destination for travelers from around the world, known for its rich history, stunning architecture, and sun-drenched streets. However, in recent years, the rapid growth of the city’s tourism industry has led to a significant shift in local attitudes toward visitors. According to recent reports, a growing number of Lisbon’s residents are voicing concerns over the rising cost of living, particularly housing prices, which have soared as a result of the city’s booming short-term rental market.
An estimated 60% of the units in Lisbon are now being used for short-term vacation rentals, catering to the influx of tourists drawn to the city’s historic neighborhoods and scenic vistas. This phenomenon has led to a series of unintended consequences, particularly in the realm of housing affordability. The city’s housing stock has dwindled as more and more properties are converted into tourist accommodations, leaving many locals struggling to find affordable places to live.
This has sparked a local backlash against tourism, with residents expressing frustration over the negative impact it has had on their quality of life. Also Read: Bali and Tokyo Showcase Their Struggles and Successes Against Overtourism: New Updates The rise of platforms like Airbnb and Booking.com has revolutionized the way travelers book accommodations, and Lisbon has been one of the cities most affected by this trend.
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