Airbnb took a big hit in Japan that left thousands of travelers with no lodging

If you're traveling to Japan in the next few weeks and you have an Airbnb reservation, you better start looking for alternate housing because thousands of listings have been removed thanks to a new law. 

SEE ALSO: Airbnb vs. VRBO: Everything you need to know about both accommodation sites

Home-sharing became legal in Japan just last year. But a new amendment to Japan's Hotels and Inns Act (passed in 1947) now requires anyone participating in a home-sharing (like the sort offered via Airbnb) to register their property and include a license number in their listing before June 15. 

That's all well and good, but on June 1 the Japanese government announced any listing that did not  already meet the criteria would have all bookings made before June 15 canceledAccording to the Nikkei Asian Review, this wiped out roughly 80 percent of Airbnb's listings in Japan, leaving those with reservations in that window high and dry. Read more...

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