Government
New York's Attorney General Declares War on Airbnb
Does the home-sharing service really disrupt neighborhoods? Or just commercial hotel profits?
New York State Attorney General Eric T. Schneiderman dropped a bombshell report today on Airbnb. Citing some damning statistics, the report questions the premise of short-term apartment rentals in New York. It's everything critics of Airbnb could ask for.
The biggest find in the AG's nearly review of nearly 500,000 transactions over a 4.5-year period: A tiny minority of commercial operators ruled Airbnb in New York, accounting for a large share of private short-term bookings and revenue, mostly in Manhattan.