The city has so far approved only 257 short-term rental host registrations out of 3,250 applications, New York’s Office of Special Enforcement told travel publication Skift on Aug. 28. It denied 72 applications and returned 479 to request additional information, according to Skift. Thousands more hosts have yet to apply.
Some 7,500 units don’t meet the requirements to apply and so will likely eventually disappear from the platform. More than half of those listings are frequently rented and account for about 40% of Airbnb’s income in New York City, according to AirDNA. In its lawsuit, Airbnb said it earned $85 million in net revenue in 2022 in the Big Apple, which is about 1% of its total.
While the city works through its backlog of applications, some NYC hosts have been waiting for weeks, if not months, to hear back about their status. The OSE and its overseeing body, the Mayor’s Office of Criminal Justice, didn’t respond to emailed questions from Bloomberg News about enforcement capacity and the progress of application reviews. In her emailed response to Rabinovitch, which was seen by Bloomberg News, O’Keeffe said the office “reviews applications in order of submissions, and review times vary.”
“The city is sending a clear message to millions of potential visitors who will now have fewer accommodation options when they visit New York City: you are not welcome,” said Theo Yedinsky, Airbnb’s global policy director.
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