NYC Has Approved Just 2,242 Short-Term Rental Host Registrations [Yahoo! Finance Canada]
Airbnb, Inc. - Class A (ABNB)
Company Research
Source: Yahoo! Finance Canada
Roughly nine months since New York City cracked down on short-term rentals by requiring hosts to register, the Office of Special Enforcement has approved just 2,242 applications. That figure shows how few short-term rentals there are in the five boroughs since the city imposed Local Law 18 last September. In addition to the registration requirement, hosts must be present during the stay, which can be no longer than 30 days, and a maximum of two guests are allowed. Bedroom doors can't have locks. In January 2023, there were about 40,000 listings in the city, according to Bloomberg, most of them on Airbnb. There are undoubtably are more than 2,242 listing nows because registered hosts can have multiple listings. But the decline in short-term rentals in NYC is clear. ADVERTISEMENT As of June 10, the latest figures available, the OSE has caught up on a backlog of pending applications. The OSE received 6,328 applications, and it made a determination on 99.5% of them: It either gra
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ABNB
Earnings
- 8/6/24 - Miss
ABNB
Sec Filings
- 9/26/24 - Form 4
- 9/24/24 - Form 144
- 9/19/24 - Form 4
- ABNB's page on the SEC website