As part of the settlement, Airbnb (AIRB) will hand over the personal data of its local hosts and help officials track those who violate the city’s rental regulations.
Legal short-term rentals in the city are limited to spare bedrooms or
one- and two-family homes. Entire apartments can’t be rented for fewer
than 30 days without the tenant present.
The city also requires vacation rental companies to share host data
once a month to help regulators find violations. Airbnb and Expedia sued
over the ordinance.
Airbnb will share host data quarterly rather than monthly.
NYC officials estimate that as many as 35,000 Airbnb listings violate the regulations.
Airbnb’s dispute with NYC jeopardized one of its largest domestic
markets and served as an obstacle for the IPO plans, which were delayed
due to the coronavirus.
https://seekingalpha.com/news/3582769-airbnb-nyc-reach-host-data-settlement
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