CNN —Travelers looking to rent an apartment for a few days in New York City will find slimmer pickings now that city officials have started enforcing new rules cracking down on short-term rentals.
Airbnb has called the rules a “de facto ban” on short-term rentals (STRs) that will hurt hosts and the tourism economy.
The requirements for approval are strict and follow laws that pre-date the new registration rules.
Hanson said that long-term average hotel occupancy in New York City is between 80% and 85%, well above the national average between 62% and 67%.
Thousands of listings across various booking sites will be affected as the new registration rules are enforced.
Persons:
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Locations:
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