NYC hotels pocket billions after helping push through Airbnb ban - Boing Boing
Summary
This article discusses the impact of an Airbnb ban in NYC, highlighting how hotels have benefited financially. Hosts in areas facing similar regulations should be aware of the potential shift in market dynamics and the influence of other lodging providers.
Key Insights
- •NYC hotels pocketed billions after helping push through an Airbnb ban.
Action Items
- ✓Research local regulations and the potential impact of restrictions on short-term rentals in your area.Effort: mediumImpact: high
Common Mistakes
- ⚠Failing to comply with local regulations regarding short-term rentals can lead to significant financial losses.
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