Airbnb rental listings in the five boroughs dropped 80% following a crackdown by New York City, but the effort has only driven hotel prices up while having little impact on improving housing ...
An Airbnb Inc.-backed bill that would have eased some short-term rental restrictions in New York City failed to make local legislators’ final voting agenda of the year, dealing another setback to the ...
Skift reported last week that hotel rates in NYC were up 6.7% in the first quarter. And Airbnb says that's one sign regulations aren't helping. Airbnb postings in New York have dwindled after a new ...
New York promised its 2023 Airbnb ban would free up apartments and ease rents, but two years later rents are higher than ever, vacancies are near zero and the Big Apple’s housing crunch shows no signs ...
Some believe that hotels stand to gain from Airbnb's NYC woes. Properties that might see an upside include Sonders and traditional hotels using Airbnb to sell rooms, especially if Airbnb opts to lean ...
Airbnb (ABNB) has formally asked New York City to reconsider its short-term rental regulations, citing the negative impact on travel costs and the availability of accommodations. The company argues ...
New York City’s Airbnb clampdown has owners of one- and two-family homes claiming they are fighting to stave off foreclosure as income from their short-term rentals dries up, The Post has learned.
More than 75% of Airbnb’s short-term rentals have vanished from the Big Apple following a tough city crackdown on the home-sharing site, according to a report. The fast-evaporating listings have left ...
Last fall, New York City passed legislation that severely restricted short-term rentals. While Airbnb rentals have plunged in the city, they've spiked in nearby New Jersey. Regulation isn't as big a ...
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On September 5, New York City will begin enforcing a 2022 law that restricts short-term rentals. An estimated 40,000 listings will need to comply with new rules, like hosts being on site. For some ...
Airbnb sued New York City on Thursday over an ordinance that the company says imposes arbitrary restrictions that would greatly reduce the local supply of short-term rentals. The 2022 ordinance, which ...