Nov 9, 2023

Airbnb boss 'listening' to cities' housing concerns

The boss of short-let property rental firm Airbnb, Brian Chesky, denied the platform creates housing shortages in cities like New York. Mr Chesky denied that Airbnb has such an effect on cities like New York, which recently enacted rules prohibiting short-term rentals. Airbnb is adjusting to a new set of regulations in New York City that ban most stays under 30 days. The rules have effectively destroyed Airbnb's short-term offerings in the US's most populated city, and the company itself called it a "De facto ban." According to The New York Times, as many as 10,800 listings are likely affected. Whilst in New York City, Mr Chesky announced new features for Airbnb customers and hosts including "Guest Favorites," which denote the platform's highest-reviewed properties.

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