TOKYO -- Mass cancellations of Airbnb bookings in Japan ahead of new legislation are the result of an "adjustment period," the home-sharing platform's co-founder said on Thursday, suggesting this is simply a bump in the road.
Japan's home-sharing law is to take effect on Friday, requiring hosts to register and regulating an industry that has hitherto operated in a legal gray zone. "There have been some challenges in a short time because it is an adjustment period, but we can get through that," Nathan Blecharczyk, Airbnb's co-founder and chief strategy officer, told the Nikkei Asian Review.
