Airbnb is under pressure in cities around the world. New York, one of its most important markets, passed a bill on June 17 that would ban Airbnb hosts from advertising short-term rentals. This may cause listings on Airbnb in New York to shrink by more than half, according to the estimates.
Those who violate the law will pay a fine of $1,000 for the first violation, $5,000 for the second, and $7,500 for the third and subsequent violations.
It is already illegal to offer short-term rentals however with this new bill it will be illegal to advertise them as well. New York is the only city that wants to ban the advertisements, according to Airbnb.
It's disappointing—but not surprising—to see politicians in Albany cut a last-minute deal with the hotel industry.
, Airbnb
