Renting an Airbnb in NYC just got a lot harder

New rules took effect that require all hosts to ensure their listings comply with strict rules on occupancy and building codes

Sep 7, 2023

After years of sparring with the city and a failed lawsuit earlier this year, Airbnb has run out of options and is expected to lose thousands of listings in one of its biggest markets.

Key takeaways

  • The new Local Law 18 requires rental hosts to register with the Mayor’s Office of Special Enforcement and prohibits platforms like Airbnb, Expedia Group Inc.’s Vrbo and from processing transactions for units that aren’t registered;
  • Airbnb called the new rules a “de facto ban” against the company. It also said the crackdown appeared to be intended to drive short-term rentals out of the New York “once and for all;”
  • The powerful hotel lobby has long been a vocal opponent of Airbnb in New York. Hotels, lodging houses and furnished apartment buildings make up about 6,000 active listings on Airbnb, according to AirDNA, and could be exempt from registration.

Get the full story at Bloomberg

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