Traveler's Edition
New York Airbnb users could face increased restrictions, with fines of up to $7,500 for advertising rentals lasting less than 30 days if property owners are not present.
Property rental and sharing site Airbnb has seen a number of crack downs, as well as some controversy, over the past year. Whilst listings offering short-term property rental where the owners are not present are currently prohibited in NYC, the new legislation would make New York the first area to actually ban ads on property-sharing sites for certain short-term rentals.
New York state governor, Andrew Cuomo, has yet to approve the bill which is the latest in a series of attempts to place more regulation on the increasingly popular ‘sharing economy’, with the rise of sites such as Airbnb and HomeAway.
What do you think of the new measures?
