Airbnb regulations will make your next New York City trip even more expensive
Regulation is once again dangling over the short-term rental sector, best known for vacation rentals found on platforms like Airbnb and Vrbo.
Places like Maui, Hawaii, and Atlanta cap how many units a host can list online. Other cities like Paris limit the number of days a host can rent out a unit. New York City’s latest law requires hosts to register with the city or run the risk of not having listing platforms process their payment.
There are more than 40,000 Airbnb listings in New York City, according to the watchdog group Inside Airbnb. The executive director for New York City’s Office of Special Enforcement told the New York Daily News late last year that this latest regulation, Local Law 18, could swipe more than 10,000 listings off Airbnb.
While you might end up paying more for a New York hotel room or vacation rental, don’t sing a swan song quite yet for Airbnb.