"We are seeing more demand in New Jersey than we would expect and significantly less demand in New York, given the lack of available listings."
New York City's stringent short-term rental restrictions are causing World Cup visitors to book accommodations in New Jersey instead. During the Morocco-Brazil match on June 13, short-term rental occupancy in the Jersey City-Newark area increased 169% year over year, substantially outpacing New York City's 37% increase. The disparity widens further on June 27 for the England-Panama match, with New Jersey experiencing a 296% occupancy increase compared to New York's 51% rise. This shift reflects the limited availability of short-term rental listings in New York due to regulatory constraints, while New Jersey benefits from the overflow demand.
#short-term-rental-regulations #world-cup-tourism #new-york-city-housing-policy #new-jersey-hospitality #occupancy-trends
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