The drop in Airbnb listings in New York City, which immediately followed the city authority's strict new laws on short-term rentals in early September, has continued in October, as shown by a recent report shared with Newsweek.
Looking specifically at demand for short stays and long stays, AirDNA found that demand for short stays was actually down 28 percent from a year ago in October, while demand for longer stays is up 6 percent.New York City officials enforced new legislation on September 5 severely restricting residents' ability to rent out homes through short-term rental platforms like Airbnb, citing a crisis of affordability for both renters and homebuyers and a chronic shortage of housing in the Big Apple.
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