In the event you’ve been on the lookout for a swanky pad on Airbnb or one other trip rental to remain in whereas visiting New York Metropolis, you might need observed it is slim pickings within the Large Apple. That is as a consequence of crackdowns from the town, spurred by new legal guidelines regulating short-term leases in New York.
Earlier this month Native Regulation 18, which was adopted in 2022, went into impact, a strict rule that primarily bans totally a majority of Airbnb and different trip rental choices for vacationers visiting New York Metropolis. The regulation states that short-term rental hosts in New York should register with the town, and that the hosts have to be residing within the place they’re renting and be current when somebody is staying with them, with a purpose to qualify. The brand new guidelines additionally restrict hosts to solely two visitors at a time. Moreover, the regulation prohibits Airbnb and related corporations from processing funds for short-term listings except the host had acquired authorization and approval of registration from the town.
Airbnb fought again in opposition to the regulation and sued New York Metropolis in June, however a choose dismissed the case in August, leaving hosts scrambling to seek out options. Native Regulation 18 aids older laws that prevented short-term leases of whole flats for lower than 30 days, however was tough for the town to implement with none legal guidelines in place mandating registration of leases.
As properties disappear and cancellations stack up, some inns wish to support vacationers trying to rebook their NYC lodging. In direct response, IHG Accommodations & Resorts has launched the IHG Vacay SOS Program, which presents the primary 100 vacationers who present proof of short-term rental cancellations by the top of this yr 10,000 IHG One Reward Factors to make use of in direction of stays at IHG properties.
All visitors must do is join the IHG One Reward program right here, after which e mail their proof of cancellation from short-term rental firm or host to BeAGuestAgain@ihg.com. IHG operates over 60 properties in New York Metropolis, together with the InterContinental Time Sq. location, in addition to a number of Resort Indigo, Crowne Plaza, and Vacation Inn places all through the town, providing every part from finances and family-friendly choices to boutique and luxurious lodging.
Gothamist broke down knowledge earlier this week from the Workplace of Particular Enforcement that reveals the town solely authorized 405 short-term leases within the months since launching the registration portal in March. The town additionally let Gothamist know that 4,624 purposes had been acquired from hosts making an attempt to legally register their short-term rental items in New York Metropolis. The town rejected 214 of these purposes and despatched 758 again to hosts for added data or corrections, in the meantime the vast majority of registrations are awaiting assessment. The Workplace of Particular Enforcement stated they acquired 71% of the purposes to register because the finish of June, which traces up with the lawsuit from Airbnb earlier this yr.