Mexico City government joins Airbnb to attract ‘digital nomads’ despite rising rent fear By Stocksak

© Stocksak. In this illustration taken on May 3, 2022, the Airbnb logo is displayed. REUTERS/Dado Ruvic/Illustration

MEXICO CITY, STocksak – Mexico City’s mayor announced Wednesday that she wants to increase the number ‘digital nomads’ in the capital following signing an agreement for short-term rental platform Airbnb. This is despite fears that the influx could drive residents out the rental market.

Mayor Claudia Sheinbaum was asked about rising rents at a press conference. She said that the local administration has not noticed a direct connection between Airbnb’s presence and rental prices.

Sheinbaum stated that most digital nomads, people who work remotely and often in another country, prefer to live in expensive neighborhoods. Rents are already higher in these areas than in other parts of the capital like Condesa, Roma, and Polanco.

She stated that she did not want rents to soar in this environment and that her administration would continue to monitor the situation.

Airbnb could not reach you immediately for comment.

According to AirDNA, the average daily rental rates in Mexico City for short-term apartments jumped 27% from the same month in 2019 to $93 per day in August 2022.

According to some housing activists and researchers, the digital nomads influx fuels inflation and transforms neighborhoods in to expatriate bubbles. This is in a city known for its stark divides between rich & poor.

Sheinbaum says that Airbnb is now opening its platforms to Mexican residents, allowing them to create tourism experiences around their daily lives.

The partnership between Mexico City’s government and Airbnb is also supported by UNESCO (United Nations cultural agency).

(This story has been amended to remove the repetition of Mayor’s name in paragraph 2.

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