Airbnb on NYC Regulation: ‘This Is What You Don’t Want to Do’
Skift Take
Skift reported last week that hotel rates in NYC were up 6.7% in the first quarter. And Airbnb says that's one sign regulations aren't helping.
Airbnb postings in New York have dwindled after a new law effectively shut down most units. And Jay Carney, global head of policy and communications at the platform, says he loves talking about it.
“I'm eager to talk about New York City because it's a proof point that we can point to and for policymakers and other geographies, other cities, and say, ‘This is what you don't want to do,’” Carney said Wednesday at Skift's Short-Term Rental Summit in New York.
“Hotel prices are higher than they've ever been there, they're almost seven and a half percent higher than they were a year ago – that's a much faster growth in the rate of inflation. It's had no noticeable data-driven impact on inventory for ho
