Judge rejects Airbnb's bid to block NYC's new rental rules

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Judge rejects Airbnb's bid to block NYC's new rental rules
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a “de facto ban” on listings of less than 30 days and said the new rules would eliminate 95% of its $85 million revenue in New York City. Three hosts filed a separate lawsuit arguing the ban would hurt their own finances.the registration requirements “make perfect sense” and called the platform’s arguments “entirely speculative.

New York City has more than 40,000 Airbnb listings, with about a quarter booked on a regular basis. PolicymakersBluth acknowledged the city’s “glacial pace”, but criticized Airbnb for not sharing the upcoming requirements with hosts. City officials say they plan to begin enforcement on Sept. 5. “The city’s rules go after regular New Yorkers instead of illegal hotel operators,” said Debbie Greenberger, an attorney for the hosts.

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