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Airbnb asks New York City to reconsider regulations on short-term rentals

Economic Times

Economic Times · 11m ago

Airbnb asks New York City to reconsider regulations on short-term rentals

Airbnb has asked New York City to reconsider its regulations on short-term rentals, claiming that they have resulted in higher prices for travelers without making any impact on the housing market. The company argues that local law LL18, requiring hosts to be permanent occupants of the units they rent out and register with the city, has failed to address the housing crisis effectively. Airbnb states that the number of listings allowing stays under 30 nights has dropped by 83% since the law's implementation, but the vacancy rates for apartments in the city remain unchanged. The company also points out that hotel rates in New York City have increased more compared to the rest of the U.S. By rolling back parts of the law, Airbnb believes the city can boost accommodation supply, support hosts, and benefit local businesses reliant on tourism revenue.

Related News

New York's AirBnB ban is turning into chaos

Wired · 1y ago

New York's AirBnB ban is turning into chaos

Since the implementation of a new law banning most short-term rentals in New York City, only 2% of the previous 22,000 Airbnb listings have been registered with the city. However, illegal short-term rental listings are now being advertised on social media and lesser-known platforms. The number of short-term listings on Airbnb has dropped by 80%, but only 417 properties have been registered with the city. This crackdown has resulted in a "black market" for short-term rentals in the city, with increased activity on platforms like Facebook.

The End of Airbnb in New York

Wired · 1y ago

The End of Airbnb in New York

New York City's Local Law 18, which recently came into effect, imposes strict regulations on short-term rentals, impacting Airbnb and similar platforms. Hosts must now register with the city and be present when guests stay, with a limit of two guests. This has been seen as a "de facto ban" by Airbnb. The move aims to address concerns such as noise, trash, and housing affordability while serving as an example of how local governments can regulate short-term rentals to protect residential areas. Similar regulations are being adopted by cities worldwide. Airbnb's legal efforts to challenge the law have so far been unsuccessful.

New York’s Airbnb ban is causing a christmas crunch

Wired · 1y ago

New York’s Airbnb ban is causing a christmas crunch

According to a recent report, New York City's strict regulations on short-term rentals, including Airbnb, have resulted in higher hotel prices and limited accommodation options for visitors during the holiday season. The new regulations, which went into effect in September, have led to a significant decrease in available short-term whole apartment rentals. As a result, hotels in popular areas like Times Square and Chelsea have seen a surge in bookings and increased prices. The disappearance of short-term rentals may especially affect families and larger groups who require more space than traditional hotel rooms.

6 Months After New York Banned Airbnb, New Jersey Is Doing Great

Wired · 1y ago

6 Months After New York Banned Airbnb, New Jersey Is Doing Great

A six-month-old law in New York City that effectively banned short-term rentals, like those offered by Airbnb, has resulted in a decrease in available listings on the platform. The law, which aimed to prioritize long-term housing for residents, has led to frustrated small-time hosts and a rise in tourists seeking accommodations in neighboring areas like New Jersey. While the ban has had some unintended consequences, such as boosting hotel occupancy rates in New York and increasing demand for short-term rentals in nearby cities, its effectiveness in addressing the city's housing problem remains to be seen. Enforcement of the law has been patchy, with hosts turning to alternative platforms to list their properties. Airbnb has opposed the law and hopes for changes that would benefit smaller hosts.

6 Months After New York Banned Airbnb, New Jersey Is Doing Great

Wired · 1y ago

6 Months After New York Banned Airbnb, New Jersey Is Doing Great

New York City's ban on short-term rentals, aimed at freeing up apartments for long-term residents, has resulted in a decrease of Airbnb listings from 15,000 to under 5,000. The law has frustrated small-time hosts and caused an influx of tourists into neighboring areas of New Jersey. While hotels in New York and New Jersey have benefited from the law, small homeowners are facing rising housing costs without the option of offsetting them through short-term rentals. The law's impact on housing costs remains uncertain, and enforcement has been patchy. Airbnb continues to oppose the law and advocates for changes to existing rules.

Barcelona Plans to Ban All Short-Term Rentals for Tourists From 2029

Livemint

Livemint · 1y ago

Barcelona Plans to Ban All Short-Term Rentals for Tourists From 2029

Barcelona plans to implement a citywide ban on short-term rentals in an attempt to address a housing crisis and rising rents. Under the new measures, no new licenses will be issued, and existing licenses will not be renewed, with the goal of having no homes approved for tourist rentals by 2029. Barcelona's move is considered one of the most aggressive approaches to tackle short-stay rentals, and other cities such as New York, Vancouver, and Tokyo have also implemented restrictions. The city experienced a 14% increase in rental prices in the past year.

Airbnb agrees to pay $621 million to settle a tax dispute in Italy

Economic Times

Economic Times · 1y ago

Airbnb agrees to pay $621 million to settle a tax dispute in Italy

Short-term rental platform Airbnb has agreed to pay 576 million euros ($621 million) to settle a tax dispute in Italy. The settlement comes after Italian prosecutors claimed that Airbnb owed approximately 779 million euros ($840 million) in unpaid short-term rental taxes. However, Airbnb has stated that it will not seek to recover the money from its hosts. The company is also working on implementing tools for hosts to have their taxes automatically withheld and paid to the Italian tax authorities. Italy is an important market for Airbnb, with many hosts using the platform to rent their properties.

Your Next Airbnb Host Could Be a Private-Equity Firm

Livemint

Livemint · 1y ago

Your Next Airbnb Host Could Be a Private-Equity Firm

Private-equity firm TPG is buying single-family homes in Florida vacation markets and renting them out as alternatives to hotels and short-term rentals. Unlike other investment firms, TPG aims to rent out the homes on a daily basis rather than for longer lease periods. TPG has partnered with hospitality firm Kasa to manage the properties. This move reflects the changing travel landscape during the pandemic, where travelers seek more space, privacy, and amenities like a kitchen. TPG's entry into the vacation rental market poses a potential threat to the hotel industry already facing competition from Airbnb and Vrbo.

Airbnb is banning indoor security cameras inside its listings

TechCrunch · 1y ago

Airbnb is banning indoor security cameras inside its listings

Airbnb has announced a ban on the use of indoor security cameras in all of its listings. Previously, hosts were allowed to have indoor cameras in common areas but not in bathrooms or areas where guests sleep. The change comes after reports of hidden cameras in rentals. The update will impact a smaller subset of listings, as most do not report having indoor security cameras. Additionally, Airbnb has introduced new rules for outdoor security cameras and noise decibel monitors. These changes aim to provide greater clarity and ensure privacy for guests.

Airbnb CEO Brian Chesky plans to fix ‘fundamentally broken’ company. Here's how

Livemint

Livemint · 1y ago

Airbnb CEO Brian Chesky plans to fix ‘fundamentally broken’ company. Here's how

Airbnb CEO Brian Chesky is working on fixing the core issues of the company in response to recent challenges. The improvements are focused on addressing pain points for guests, including affordability, customer service, and listing verification. Chesky acknowledges that Airbnb needs to prioritize fixing its foundation before creating new features. The company is using AI for quality control, such as verifying listings and preventing unauthorized house parties. Chesky hints at upcoming developments, including a loyalty program, and discusses the future of Airbnb in New York. The CEO believes that the company is nearing a turnaround and promises more updates in the future.

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