NYC Cracks Down on Airbnb with New Host Registration Law

New York City enforcing host registration law to eliminate illegal short-term rentals, which Airbnb calls a "de facto ban" impacting hosts.
Law requires hosts register with city, prohibits booking platforms from processing unregistered rentals. Hosts face fines up to $5,000.
Airbnb popular alternative to hotels, but cities like LA, San Francisco also cracking down with registration laws.
As of September 8, over 39,000 Airbnb listings remained in NYC, second most in US after LA.
Airbnb share price unaffected so far by NYC crackdown, added to S&P 500 last week.

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Relevant topic timeline:

9/4/2023

Thousands of NYC Airbnb listings face removal as city drags feet over...

Thousands of Airbnb rentals in New York City may be delisted due to the city's failure to verify new regulations, leaving hosts uncertain and potentially facing fines of up to $5,000.

9/4/2023

New rule to take effect for NYC's short-term rentals

Starting Tuesday, New York City's new law requiring landlords to register with the city in order to maintain their listings on Airbnb, Vrbo or similar sites is set to nullify thousands of short-term rental listings and could result in fines of up to $5,000 for violators.

9/5/2023

New York City begins tough crackdown on Airbnb listings

New York City's new ordinance, Local Law 18, requires all short-term-rental hosts, including those on Airbnb, to be registered, live in the rental, be present during guests' stay, and host only two guests at a time, likely causing a significant decrease in the number of Airbnb listings.

9/6/2023

New York City’s crackdown on Airbnb and short-term rentals goes into effect

New rules in New York City require short-term rental hosts to register with the city government, with fines ranging from $1,000 to $5,000 for violations, in an effort to crack down on illegal listings and protect travelers from unsafe accommodations.

9/13/2023

New York's Airbnb Crackdown Drives Short-Term Rentals Underground

New York City's restrictions on Airbnb and other short-term rental platforms have led to the emergence of a black market for rentals, with hosts resorting to informal methods such as Craigslist and Facebook Marketplace to attract guests and arrange payments. Despite the regulations, hosts find ways to continue renting out their properties and earning income through alternative avenues.

9/19/2023

Airbnb Cracks Down on Parties With AI, Sees 55% Drop Since 2020

Airbnb's worldwide ban on parties has been enforced by an anti-party AI system created by Naba Banerjee, resulting in a 55% drop in party reports, with over 320,000 guests blocked or redirected from booking attempts on the platform.

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Posted 9/10/2023, 1:34:14 PM

NYC Cracks Down on Airbnb with New Host Registration Law

New York City enforcing host registration law to eliminate illegal short-term rentals, which Airbnb calls a "de facto ban" impacting hosts.
Law requires hosts register with city, prohibits booking platforms from processing unregistered rentals. Hosts face fines up to $5,000.
Airbnb popular alternative to hotels, but cities like LA, San Francisco also cracking down with registration laws.
As of September 8, over 39,000 Airbnb listings remained in NYC, second most in US after LA.
Airbnb share price unaffected so far by NYC crackdown, added to S&P 500 last week.

investopedia.com

Relevant topic timeline:

9/4/2023

Thousands of NYC Airbnb listings face removal as city drags feet over...

Thousands of Airbnb rentals in New York City may be delisted due to the city's failure to verify new regulations, leaving hosts uncertain and potentially facing fines of up to $5,000.

9/4/2023

New rule to take effect for NYC's short-term rentals

9/5/2023

New York City begins tough crackdown on Airbnb listings

9/6/2023

New York City’s crackdown on Airbnb and short-term rentals goes into effect

9/13/2023

New York's Airbnb Crackdown Drives Short-Term Rentals Underground

9/19/2023

Airbnb Cracks Down on Parties With AI, Sees 55% Drop Since 2020