In case you’ve been on the lookout for a swanky pad on Airbnb or one other trip rental to remain in whereas visiting New York Metropolis, you may need seen it is slim pickings within the Massive Apple. That is because of crackdowns from town, spurred by new legal guidelines regulating short-term leases in New York.
Earlier this month Native Legislation 18, which was adopted in 2022, went into impact, a strict rule that primarily bans totally a majority of Airbnb and different trip rental choices for vacationers visiting New York Metropolis. The legislation states that short-term rental hosts in New York should register with town, and that the hosts should be residing within the place they’re renting and be current when somebody is staying with them, with a purpose to qualify. The brand new guidelines additionally restrict hosts to solely two friends at a time. Moreover, the legislation prohibits Airbnb and related corporations from processing funds for short-term listings except the host had obtained authorization and approval of registration from town.
Airbnb fought again towards the legislation and sued New York Metropolis in June, however a decide dismissed the case in August, leaving hosts scrambling to search out options. Native Legislation 18 aids older laws that prevented short-term leases of whole flats for lower than 30 days, however was troublesome for town to implement with none legal guidelines in place mandating registration of leases.
As properties disappear and cancellations stack up, some lodges want to help vacationers seeking to rebook their NYC lodging. In direct response, IHG Lodges & Resorts has launched the IHG Vacay SOS Program, which presents the primary 100 vacationers who present proof of short-term rental cancellations by the top of this 12 months 10,000 IHG One Reward Factors to make use of in direction of stays at IHG properties.
All friends should do is join the IHG One Reward program right here, after which electronic mail their proof of cancellation from short-term rental firm or host to [email protected]. IHG operates over 60 properties in New York Metropolis, together with the InterContinental Time Sq. location, in addition to a number of Resort Indigo, Crowne Plaza, and Vacation Inn places all through town, providing all the pieces from price range and family-friendly choices to boutique and luxurious lodging.
Gothamist broke down information earlier this week from the Workplace of Particular Enforcement that reveals town solely authorised 405 short-term leases within the months since launching the registration portal in March. The town additionally let Gothamist know that 4,624 functions had been obtained from hosts attempting to legally register their short-term rental items in New York Metropolis. The town rejected 214 of these functions and despatched 758 again to hosts for extra data or corrections, in the meantime the vast majority of registrations are awaiting evaluation. The Workplace of Particular Enforcement mentioned they obtained 71% of the functions to register because the finish of June, which traces up with the lawsuit from Airbnb earlier this 12 months.
