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☆ NYC's short-term rental ban slashed Airbnb listings. A year later, it's unclear if it's made housing more affordable.
  + stars: | 2024-10-16 | by ( Eliza Relman | Dan Latu | ) www.businessinsider.com   time to read: +7 min
It's been a year since New York City began enforcing its near-ban on short-term rentals, including Airbnbs. While the number of short-term rentals has plummeted, the effect on the housing market is unclear. AdvertisementNew York City's ban on most short-term rentals was supposed to make housing cheaper in the city. In September 2023, NYC began enforcing new regulations — known as Local Law 18 or LL18 — that severely restricted short-term rentals. With so many Airbnbs out of the short-term rental picture, they've been able to charge more.
Persons: It's, Airbnb, —, it's, Ben Kallos, LL18, they've, Sean Hennessey, Jonathan M, that's, they're, Paul, who's, Paul —, Theo Yedinsky, Yedinsky, Eric Adams Organizations: New, Service, New York Times, New York, Tisch Center of Hospitality, Facebook, Business, York City Locations: New York City, York, New, Astoria, Queens, San Diego, Mission Beach
☆ Could 'carbon passports' that limit how much we travel be in our future?
  + stars: | 2023-12-05 | by ( Joey Hadden | ) www.businessinsider.com   time to read: +7 min
A recent report on the future of travel includes the concept of a "carbon passport." One tour company is proposing a solution: a "carbon passport" that would limit how much carbon travelers could emit each year. "Carbon passports have taken that idea one step further" because they would involve tracking and limiting travel carbon emissions, specifically, Hawkins added. In reality, a carbon passport would be challenging to implementHawkins and Matt Berna, the president of Intrepid in the Americas, said they didn't see a carbon passport as a quick fix, though. To track your flight's carbon emissions, Berna suggests booking through Google Flights, which has included emissions levels since 2021.
Persons: Paloma Zapata —, Zapata, Alex Hawkins, Hawkins, Matt Berna, Berna, it's, Anna Abelson, Jonathan M, Thierry Monasse, there's Organizations: Future Laboratory, Intrepid, Environmental Protection Agency, Sustainable Travel International, Business, The, Laboratory, Tisch Center of Hospitality, New York University, Airlines, International Air Transport Association, Wizz, Google, European Environment Locations: Americas, Greece, Italy, Albania
☆ Airbnb listings in NYC to shrink as city cracks down on short-term rentals
  + stars: | 2023-09-05 | by ( Marnie Hunter | ) edition.cnn.com   time to read: +6 min
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: Airbnb, ”, Christian Klossner, Andrew Lichtenstein, ” Theo Yedinsky, Bjorn Hanson, Jonathan M, Hanson, ” Hanson, ” Airbnb Organizations: CNN, Travelers, NYC’s, Special, Expedia, New York, Tisch Center of Hospitality, New York University, isn’t, Marriott, Hilton, CNN Travel, Local Locations: New York, “, York, New York City, “ New York
☆ 12 career counselors reveal the industries where hiring is still hot for new college grads — even as layoffs mount
  + stars: | 2022-07-18 | by ( Reed Alexander | Rebecca Knight | Rachel Durose | ) www.businessinsider.com   time to read: +9 min
High-profile hiring freezes in the tech industry raised alarms about the health of the job market. But career counselors at universities nationwide insist grads are still getting hired. For many new college grads, the summer's hazy afterglow of no more studying, exams, or group projects is counterbalanced with the pressure of the all-important job search. Insider interviewed a dozen college career counselors and undergraduate professors to get their takes on how the job market is holding up for recent grads. And amid volatility in the stock market, industry experts have predicted that layoffs are likely for some investment bankers.
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