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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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New Khao Lak And Phang Nga Report from C9 Hotelworks

Category: Tourism, Posted:24 Nov 2020 | 06:00 am While the country’s doors remain firmly shut to international tourists, Thailand’s domestic travel wanderlust has turned Khao Lak into an Instagram hero. In the first two months of this year according to research by consulting group C9 Hotelworks’ new Khao Lak Hotel Market Update occupancies soared above 80 percent. With the COVID-19 lockdowns occupancy plunged […]
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Two Great Virtual Online Hospitality Events This Week

Category: Tourism, Posted:23 Nov 2020 | 10:11 am It’s a busy week for C9 Hotelworks and Delivering Asia Communications web series on hot travel markets and emerging trends. On Wednesday 25th November  is Hostels + Hybrid Hotels. Dig the vibe and dive deep with an eclectic set of experts from across Asia and Europe. One clear sign of pandemic travel resurgence is millennials, groups […]
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Khao Lak And Phang Nga Market Update Next Week

Category: Tourism, Posted:18 Nov 2020 | 10:06 am C9 Hotelworks and Delivering Asia Communications hit to the road north of Phuket with a special Khao Lak and Phang Nga tourism and hotel update. The one-hour event will be held on Thursday 26th November, 2:00 pm Bangkok | 3:00 pm Singapore/Hong Kong. Register free at the following LINK. This special offering is a view […]