The investigation in to the mini cab sector will review if 'sharing economy' providers should continue operating under looser, less costly regulations than the rest of the industry.
It is hoped the move could have positive repercussions for the hospitality sector, with hotels, B&Bs and serviced apartments facing challenges from more lightly regulated home-exchange businesses such as Airbnb.
BHA CEO Ufi Ibrahim said: "This consultation by TfL will look into the regulations governing private-hire taxis and is to be commended. Ensuring a fair competitive environment is the right thing to do both for employees within the industry and ultimately for customers.”
The BHA believes the government should impose tighter restrictions on providers such as Airbnb to ensure all hospitality businesses are forced to adhere to the same fire, health and safety regulations.
Ibrahim explained it was part of the BHA's drive to champion 'better standards across the industry'.
"Visitors and residents alike should be free to choose any transport or indeed accommodation that they prefer,” she said.
“However, all customers must be afforded the same basic regulation and health and safety protection.”