What’s happening
Travelers looking for a place to stay in New York City may find they have far fewer options thanks to strict new rules that are designed to crack down on platforms like Airbnb and went into effect in the past week.
As of last Tuesday, anyone seeking to offer up their home for fewer than 30 days will have to register with the city. Only homes that are also occupied by the owner while being rented and that limit guests to two at a time and allow visitors to access the entire residence will be approved. The new rules, which Airbnb called a “de facto ban” on their business, already appear to be having a dramatic effect. According to one estimate, the number of available Airbnbs in New York dropped from 22,000 in August to less than 7,000 by last week.
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