Airbnb Urges NYC to Rethink Short-Term Rental Law
Company argues regulations have not alleviated housing crisis and have increased travel costs.
- Airbnb reports an 83% drop in listings for stays under 30 nights since the law's implementation.
- The company claims New York City's apartment vacancy rate remains unchanged at 3.4%.
- Hotel rates in NYC have risen significantly, outpacing national averages.
- Airbnb suggests revising the law to boost accommodation supply and support local businesses.
- City officials maintain the law protects housing stock and reduces illegal rentals.
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Denver Gazette 