How NYC Hotels Use Regulations to Block Airbnb Competition - American Enterprise Institute - AEI
Summary
This article from AEI discusses how NYC hotels utilize regulations to hinder Airbnb competition. Hosts should be aware of this trend and its potential impact on their ability to operate in highly regulated markets. Understanding local regulations is crucial for compliance and avoiding operational challenges.
Key Insights
- •NYC hotels are using regulations to try and block Airbnb competition.
Action Items
- ✓Hosts in NYC (and similar markets) should research the current local regulations and any potential changes that may impact their operations.Effort: mediumImpact: medium
Common Mistakes
- ⚠Failing to comply with local regulations can lead to fines, operational restrictions, and potentially being shut down.
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