Skift

New York City’s Booming Short-Term Rental Underground Market

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Sinopsis

Episode Notes New York City’s recently enacted stringent host registration rules for short-term rentals has led to a substantial reduction in Airbnb’s listings in the city. They’ve also helped create an underground market for Airbnb alternatives, reports Executive Editor Dennis Schaal in his weekly Online Travel Briefing. A recent article in Wired described New York City’s short-term rental regulations as “pure chaos.” Schaal cites a listing on Craigslist for a one bedroom property as one example of the booming underground market. Wired revealed that fewer than 500 hosts out of the 22,000 listings on Airbnb last summer are now registered.  A spokesperson for an organization representing homeowners said short-term rentals are increasingly taking place in an unsafe environment for both hosts and guests.   Next, tourism to Morocco – especially the city of Marrakech – was hit hard by the massive earthquake that struck the country in September. But the city has just reached some important milestones in its recover