AIRBNB CAN’T WIN NEW YORK—BUT IT CAN’T QUIT EITHER

ANYONE WHO HAS been paying attention to the escalating showdown between Airbnb and New York City’s hotel industry will not be surprised that the $31 billion startup just lost, handily. This afternoon, the New York City Council passed a bill that will force Airbnb to provide the Mayor’s Office of Special Enforcement with the names and addresses of its hosts. Other cities have passed similar laws, resulting in precipitous declines in listings. Because New York has strict laws about the homes that are allowed to be listed, and many hosts choose to skirt them, this could have more detrimental effects as the city identifies and fines these hosts more easily.

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