Airbnb, Booking.com Taxes to Rise in Tourist Haven Cape Town (1)

Cape Town plans to more than double municipal rates on homes that are rented out for short durations, including those listed on Airbnb Inc. and Booking.com, as a boom in private tourist accommodation drives up prices and stokes resentment among locals.

South Africa’s second-largest city and the continent’s most expensive for real estate will introduce a bylaw in the coming months to ensure properties used primarily for short-term lets pay commercial tariffs on par with hotels and guest houses. About 26,500 housing unitsin Cape Town are listed in that category on Airbnb, more than double the number in ...