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New York Outs Airbnb

Category: Hotels, Posted:25 Oct 2016 | 10:10 am

New York State has signed into law a landmark bill making it illegal for owners to rent out residences for less than 30 days.

Airbnb has reportedly filed a counter lawsuit in Federal Court.

Under the new law, fines of up to USD7,500.00 would apply to homeowners.

The current market valuation of Airbnb is USD30 billion

According to the New York Times, the online marketplace generated staggering USD1 billion in revenue last year from New York City rentals.

Another legal battle is playing out in San Francisco, where the issue is Airbnb’s right to act as a third party provider of content and not be liable for legal issues on rights to rent.

Stay tuned as the battle of hotels versus the shared economy is well underway.

Other News

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Phuket’s Koh Siray Adds A New Hotel

Category: Hotels, Posted:22 Jan 2022 | 15:45 pm Phuket’s east coast has a new hotel with the recent opening of the Sinae Hotel in Koh Siray. The resort offers a collection of 64  studio units, and lifestyle as well as private pool villas. A key feature of Sinae is its elevated hillside ocean views. Access to nearby Phuket Town is ten minutes from […]
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The Aussies Are Coming

Category: Hotels|Tourism, Posted:22 Jan 2022 | 14:53 pm For Phuket hotel sales and marketing teams, the go-to-market has been Russia during the height of the winter snowbird season. With March fast approaching and Thailand’s approval of a revised Test & Go program from the beginning of February, hoteliers are looking at the vast void of the second quarter of the year. Certainly, domestic […]
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Patong Hotel Conversion For Banyan Tree’s New HOMM Brand

Category: Hotels, Posted:12 Jan 2022 | 08:00 am The 71-room Bliss hotel in Patong, Phuket has been converted to Banyan Tree’s HOMM brand. Banyan Tree is looking to fast-track expansion with three new brands a key strategy of conversions of existing hotels. The HOMM Bliss Southbeach Patong is the debut for the lifestyle-focused HOMM. Expect more announcements shortly on new Banyan Tree brands […]
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