A bill passed by the New York Senate last week could see short-term Airbnb stays brought to an end, at least for whole apartments. If New York Governor Andrew Cuomo signs the bill, Airbnb rentals for less than 30 days that lease entire homes in class A multiple-dwelling buildings without the owner present for the stay will be prohibited under law. This is designed to prevent commercial operators from running unlicensed Airbnb "hotels".
"Let's be clear: this is a bad proposal that will make it harder for thousands of New Yorkers to pay the bills," Airbnb's Josh Meltzer told TechCrunch. "Dozens of governments around the world have demonstrated that there is a sensible way to regulate home sharing and we hope New York will follow their lead and protect the middle class."
If the bill passes, people who post these entire home rentals for less than 30 days will be liable for a fine of $1,000 for the first offence, and $7,500 for the third offence. This would significantly cut into Airbnb's New York operations, where around 55 percent of listings were for entire premises in 2015. The bill will not affect short-term listings for private or shared rooms.
Correction: This story was corrected at 6:42 a.m. PT to fix the spelling of Andrew Cuomo's surname.