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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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PHIST 2021 – Sustainable Asia RE-defined Coming 28 October

Category: Hotels, Posted:11 Oct 2021 | 09:11 am The fourth annual Asian-based sustainability-focused learning event PHIST 2021 will take place in a dynamic virtual setting on 28th October. Organized in Phuket, Thailand with speakers from across the region. PHIST (Phuket Hotels for Islands Sustaining Tourism) has established itself as a leading forum in Asia for sustainable tourism, environmental education for hotels as well […]
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Lonely Planet. Ultimate Vacation Homes. More Phuket Meds

Category: Tourism, Posted:07 Oct 2021 | 21:02 pm It’s Friday and we have a trio of video insights for you. Listen to an intriguing talk with Joe Cummings who is behind the first Lonely Planet Thailand guidebooks. Hear seven short real estate talks on the latest trends. And then, how is Thanyapura looking to expand their medical footprint across Phuket. Right here. Right […]
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Two Neil’s For Six Senses

Category: Hotels, Posted:03 Oct 2021 | 17:35 pm Veteran Asia-Pacific hotelier Neil Palmer has been named Chief Operating Officer of Six Senses Hotels Resorts Spas. Palmer is best known as a stalwart executive at Starwood Hotels & Resorts. Meanwhile, Neil Jacobs continues in his role as Chief Executive Officer. Former Six Senses COO Guy Heywood has moved to boutique chain Habitas Hotels.