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New York City Postpones Enforcement of Controversial Airbnb Law Amid Legal Challenge

  • Airbnb filed a lawsuit against New York City over a new law regulating short-term rentals, arguing it amounted to a "de facto ban."
  • The law requires hosts to be permanent residents and register with the city, but the enforcement agency has faced delays in processing registrations.
  • Under threat of legal action, New York City agreed to postpone enforcement of the law until September.
  • The postponement comes as more than 5,500 Airbnb listings were booked to host over 10,000 guests in New York City over the first week of July alone.
  • Airbnb hopes New York City will use the additional time to craft an alternative approach that benefits hosts, tourism, and the local economy.
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