New York officials enacted legislation to curb Airbnb’s operations due to escalating urban rents, driven by property shortages.
A local law banning rentals for less than 30 days except under strict exemptions went into effect early this month, and the controversial crackdown has triggered a plunge in short-term rentals on the platform in one of the company’s largest markets. Chesky sought to downplay the impact of the law on his 15-year-old company’s bottom line, saying the United States’ most populous city, a cultural and international tourism hub, is no longer in the platform’s top three destinations, which are now Paris, London and Los Angeles.
Chesky stressed that no city in the world accounted for more than 1.5% of revenues generated by the San Francisco-based group.
Source: Holiday News (holidaynews.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former assemblyman Lau appointed as new Selangor State Assembly SpeakerSHAH ALAM: Former Banting assemblyman Lau Weng San (pix) has been appointed as the new Selangor State Assembly Speaker, replacing Ng Suee Lim. Lau was...
Source: theSundaily - 🏆 25. / 51 Read more »
Murder, drug charges for owner of New York daycare where child diedNEW YORK, Sept 20 — A New York woman is facing murder and drug charges after a one-year-old boy died from fentanyl poisoning at the daycare she operated and three other children...
Source: malaymail - 🏆 1. / 86 Read more »
PM leaves for New York to attend 78th UNGAKUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim (pix) left for New York tonight to participate in the 78th United Nations General Assembly (UNGA...
Source: theSundaily - 🏆 25. / 51 Read more »
Xiaomi Confirms Redmi Note 13 Pro Featuring New Snapdragon 7s Gen2 ChipsetXiaomi has recently confirmed the chipset that will be featured on the Pro variant of its upcoming Redmi Note 13
Source: LowyatNET - 🏆 13. / 59 Read more »
Almalena named new solicitor-generalShe succeeds Ahmad Terrirudin Salleh who is now the attorney-general.
Source: fmtoday - 🏆 5. / 72 Read more »
DC Handal: Charging rates for Malaysia's new EV fast-charging network revealedDC Handal has unwrapped its 200kW Kempower DC Chargers at Bamboo Hills which can be activated via credit or debit cards. If you prefer to use an app, DC Handal has EV Roaming arrangements with ChargEV.
Source: Soya_Cincau - 🏆 16. / 55 Read more »