Since many of them rely on the extra income from renting out space to pay for their personal housing costs and livelihood, it will be a severe blow to them, too. Hence, they can be exempted from these rules.Īdditionally, not just the company but several individual hosts have also raised their voices against this crackdown. New York City is ranked among the top five American markets for the company, and while hotels are its direct competitors, they, along with lodging houses and furnished apartments make up about 6,000 active listings on Airbnb, says market analysis firm AirDNA. The city claimed that about 50 per cent of Airbnb’s gross USD 85 million (INR 70,65,693,000) revenue from NYC was collected from illegal rental listings. CNN says, some independent hosts also filed lawsuits to prevent the city from implementing such stringent measures, however, all cases were dismissed in August. A big blow for Airbnbs and short-rental businesses Image credit: Pierre Jeanneret/ UnsplashĪirbnb had labelled these rules a “de facto ban” against the company in a lawsuit in early 2023. To put it in simple terms, STRs are permitted only if the host is staying in the same unit or apartment and there are a maximum of two guests staying with the host. “Starting September 5, 2023, OSE’s initial phase of Local Law 18 enforcement will focus on collaborating with the booking platforms to ensure they are using the city’s verification system, that all verifications are occurring correctly, and that the platforms stop processing unverified transactions,” it adds.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |