Airbnb criticises New York for price hikes after restrictions on holiday flats

07-09-24

New York City and Airbnb are in a new phase of tensions due to regulations limiting the rental of tourist flats. According to Airbnb, these regulations, which came into force in September 2024, are responsible for price increases in both homes and hotels. New York authorities, however, defend the measures as necessary to preserve housing affordability for residents.

As of 5 September 2024, legislation in New York requires homeowners to register their properties with the city if they wish to rent them for less than 30 days. Most short-term rentals are prohibited unless the owner lives in the property and there are no more than two guests. The regulation also imposes penalties on platforms such as Airbnb for allowing the publication of listings that do not comply with these rules.