In the wake of stringent measures, consumers are instead facing all-time high hotel prices and residents facing all-time high rents, according to Airbnb's blog post.
According to AirDNA, the number of Airbnb listings allowing stays under 30 nights has plummeted by 83%, dropping from 21,900 in July 2023 to just 3,700 in July 2024.
Theo Yedinsky, Airbnb's VP of public policy, is calling on the city to re-evaluate LL18 and consider amendments that would allow homeowners to once again host guests.
A spokesperson from the OSE claims the program has been pivotal in protecting the city's housing stock from illicit activity and keeping New Yorkers safe.
Collection
[
|
...
]