Articles tagged “local law 18”

Changes to Local Law 18 are possible. This development comes a lot sooner than many observers envisioned.

New York City has only approved a couple of thousand host registrations, and all for reservations where the host is present during the stay. That's great news for neighborhoods sick of house parties and illegal hotels, and dour news for tourists and short-term rental platforms.

Several executives speaking at the recent Skift Short-Term Rental Summit offered predictions for the future of the sector, and here are some noteworthy ones.

Some New York City homeowners believe they should still be allowed to list their homes on Airbnb despite the city's ban, and they're not letting up in their demand for reinstatement.

Meanwhile, listings are down and revenue per room is up for short-term rentals.

New York City's Office of Special Enforcement is getting a handle on the host registration process, but it is cumbersome.

New York City's defacto short-term rental ban is harsh. Hopefully, the city will revisit the law to strike a more balanced approach.

Airbnb's new Housing Council is designed to help it enhance its posture during regulatory battles, and to engage with communities as a better corporate citizen.

Verifying listings has not been a top priority for Airbnb over the years. But trying to root out fake listings through verification measures is high on the agenda for 2024. The effort would leak into 2025 at a minimum.