Despite Ban, New York City Had More Airbnb Rentals Than Anywhere Else in the World on New Years Eve

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Take that de Blasio. Take that hotels. The cartel lost on New Years and consumers won. Happy New Year!

(From Reason)

Despite a ban on advertising short-term rentals that comes with heavy punishments for anyone who tries, New York City had more Airbnb rentals than any other location in the world on New Year’s Eve.

The San Francisco-based short term rental service told the New York Daily News that there were more than 55,000 rentals in the city on the final night of 2016, up from about 47,000 on last New Year’s Eve. There were more Airbnb rentals in New York City than anywhere else on the globe as 2016 became 2017.

With perhaps the most famous New Year’s Eve celebration in the entire world, it’s no surprise that people flocked to the Big Apple on December 31, but the number of people using Airbnb in defiance of the city’s ban should make officials question that policy and will likely upset hotel executive who pushed for the ban in order to limit competition.

Click here for the article.

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