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Collapse in tourists visiting Rome burst the city's Airbnb short-term rental bubble, Cuba plans 'big bang' currency devaluation, and other pandemic related news across the globe

Rome’s Airbnb landlords suffer

The collapse in tourists visiting Rome during the pandemic has burst the city’s Airbnb short-term rental bubble, forcing some indebted landlords into fire sales of their flats to avoid defaulting on their mortgages. In recent years, vast numbers of flats in central Rome close to monuments such as the Colosseum and Trevi fountain have been repurposed for short-term letting by amateur landlords seeking to profit from the Eternal City’s estimated 15 million visitors a year. The collapse in visitors has left landlords overstretched after they speculated on Rome’s tourism boom at a time when the wider