Tag: lat_40.7127281

NYC Airbnb Occupancy Rate: Top Events Airbnb Hosts Should Know

Post author By Ramon Meris
Post date April 17, 2023

nyc airbnb occupancy rate

Key Takeaway

Learn how much the NYC Airbnb occupancy rate fluctuates when major events are happening.
This article offers valuable New York real investing information on how much you can adjust the nightly rate of your short-term rental property.

Introduction

They say, “if you can make it here, you can make it anywhere.” But you’re already in New York and can do better in its Airbnb market by using short-term rental data analytics. In this blog, we will talk about events in New York that draw more than the usual number of guests for your Airbnb rentals!

Can you do short-term rentals in New York City?

With proper registration, short-term rentals are allowed in New York City. The local government also compels you to share your hosting and listing data. You can decide not to do so. However, you can only host a tenant for at least 30 days. Complaints can be easily submitted. So, make sure that you follow the local regulations regarding short-term rentals.

How profitable is Airbnb in NYC?

New York City currently has 8,844 listings. An NYC host with a 2-bedroom Airbnb unit can charge an average nightly rate of $189. The said property size brings in $62,810 annual revenue with a staggering occupancy rate of 89%.

Top NYC Events Every Airbnb Host Should Know

Tourists from every part of the world come to New York City throughout the year. But there are just events that make spikes in the number of visitors. Using the Airbtics Dashboard, we can know how much Airbnb hosts in various New York real estate markets earn during the months of major events:

1. St Patrick’s Day

Attendees: 150,000 people
When: March
Area: Midtown Manhattan
- Best Property size: 2 bedrooms
- March Occupancy Rate: 100%
- March Revenue: $7,377
- March Nightly Rate: $277
- Airbnb annual revenue: $111,038
- Average occupancy rate: 92%

2. Tribeca Film Festival

Attendees: 150,000 people
When: June
Area: Lower Manhattan
- Best Property size: 3 bedrooms
- June Occupancy Rate: 100%
- June Revenue: $24,188
- June Nightly Rate: $762
- Airbnb annual revenue: $219,387
- Average occupancy rate: 89%

3. National Puerto Rican Day

Attendees: 1.5 Million
When: June
Area: Midtown Manhattan
- Best Property size: 2 bedrooms
- June Occupancy Rate: 100%
- June Revenue: $11,564
- June Nightly Rate: $384
- Airbnb annual revenue: $111,038
- Average occupancy rate: 92%

4. NYC Pride Parade

Attendees: 2.1 Million
When: June
Area: Lower Manhattan
- Best Property size: 3 bedrooms
- June Occupancy Rate: 100%
- June Revenue: $24,188
- June Nightly Rate: $762
- Airbnb annual revenue: $219,387
- Average occupancy rate: 89%

5. US Open

Attendees: 700,000+
When: August
Area: Flushing
- Best Property size: 2 bedrooms
- August Occupancy Rate: 89%
- August Revenue: $5,135
- August Nightly Rate: $197
- Airbnb annual revenue: $50,282
- Average occupancy rate: 77%

6. New York Comic Con

Attendees: 200,000
When: October
Area: West Side
- Best Property size: 2 bedrooms
- October Occupancy Rate: 100%
- October Revenue: $9,302
- October Nightly Rate: $345
- Airbnb annual revenue: $110,944
- Average occupancy rate: 88%

7. Village Halloween Parade

Attendees: 50,000 – 60,000
When: October
Area: Midtown Manhattan
- Best Property size: 2 bedrooms
- October Occupancy Rate: 100%
- October Revenue: $10,382
- October Nightly Rate: $380
- Airbnb annual revenue: $111,038
- Average occupancy rate: 92%

8. New York International Auto Show

Attendees: 1 Million people
When: April
Area: Midtown Manhattan
- Best Property size: 2 bedrooms
- April Occupancy Rate: 100%
- April Revenue: $9,906
- April Nightly Rate: $334
- Airbnb annual revenue: $111,038
- Average occupancy rate: 92%

Conclusion

Buying property in NYC began has cost you a lot of money. So, it’s important to not leave money on the table should you decide to Airbnb your New York property. Part of this is adjusting your nightly rate without losing the number of bookings. And as we have learned, you can definitely do that with the help of short-term rental data analytics. You can start exploring what it can do for you by trying this Airbnb Profit Calculator for free!

On the other hand, you can research more profitable markets with the help of reliable analytics tools such as Airbtics. By doing so, you can also discover the average Airbnb occupancy rate in other cities, their annual revenue and much more!

Monitor Your Market & Have An Empire State of Returns!

Tags Airbnb Occupancy, lat_40.7127281, lng_-74.0060152

Airbnb Rules All About Airbnb

What You Need to Know About the Airbnb Regulations NYC 2022

Post author By An Gundran
Post date December 22, 2022

On the Monday afternoon of December 5, 2022, the New York City officials held a public debate with multiple property owners over the proposed New York City short-term rental law. The Airbnb regulations NYC is expected to shut down more than 10,000 Airbnb listings in the city while also making it difficult for hosts to list their apartments on short-term rental platforms.

According to an official post in the NYC Office of Special Enforcement, all short-term rental hosts will be required to register with the Mayor’s Office of Special Enforcement (OSE). The booking platforms such as Airbnb, VRBO, Booking.com, and more are also prohibited by the government officials to allow transactions from unregistered short-term rentals. The regulations include the following Airbnb NYC rules:

All short-term rentals must be registered in the Office of Special Enforcement
Hosts are required to list the full legal name of all permanent occupants of the dwelling along with their relationship with the host.
Hosts should provide their lease if they are renting to certify that they understand the zoning requirements.
A registered host is not allowed to give rentee an exclusive access to a dwelling.
A short-term rental can only be rented if the host is within the same property.

These are only among the many rules enforced by OSE. For more information, you can visit their website at nyc.gov. The implementation of this new law will begin on January 9, 2023.

Hosts who fail to comply with the requirements will face penalties enforced by the law and would have to pay a $5,000 fine for their transgression. As for the booking service, they would be fined $1,500 per violation.

Mayor Eric Adams’ Office of Special Enforcement informs concerned parties that the legislation is created to strengthen the enforcement of existing laws and apply stricter measures. The former law being the one passed under former Mayor Bill de Blasio wherein it is stated that renting out an apartment or other dwelling unit is illegal without the presence of the host.

As the enforcing body, OSE is in charge of regulating the home-sharing industry in New York City and they would be responsible for vetting the registration process as well as enforcing the rules. Along with this, OSE is also responsible for alerting the landlords and building owners on how they can apply to prohibit short-term rentals on their property.

airbnb regulations nyc

Airbnb and hosts reaction to New York City Short-Term Rental Law

As expected, the short-term rental hosts and Airbnb itself didn’t take the new regulation well. When OSE opened its site to hear the public’s opinion on the matter, hundreds of hosts around the city submitted their comments in hopes of being heard.

One Queen-based Airbnb host named Aimee Thrasher argued that the social security and pension hardly cover her cost of living in New York and without her income from her Airbnb, she wouldn’t be able to pay for the mortgage and she would likely lose her home. Similar cases had been put forward by other hosts as well. Airbnb is also forced to comment on the matter.

According to the New York Post, Airbnb already reviewed the regulations and described the law as “draconian” for its harsh and severe nature. Airbnb’s spokesperson even said:

“The bill passed by the DeBlasio administration, as interpreted by the Office of Special Enforcement, will create a draconian and unworkable registration system that will prevent lawful and responsible hosts from listing their homes at a time when New York families are navigating the rising cost of living.”

In the words of Airbnb’s spokesperson, they will continue to engage in conversation with Adams’ administration to enforce a regulatory framework that will target illegal hotel operators and support responsible short-term rental hosts.

While Airbnb and its hosts are in turmoil, hotels across the city are giving their full support to the city council in reinforcing the Airbnb laws in NYC.

According to Vijay Dandapani, the President of the Hotel Association of New York City, “We are fully supportive of the City’s Local Law 18 which will require registration of short-term rentals,”.

Numerous hotels and unions that represent the hotel workers have long been advocating for a stricter rule on short-term rental properties since having Airbnb around cuts into their market share. Furthermore, hotel associations reason that Airbnbs doesn’t hold the same safety standards as hotels.

Bottomline

The Office of Special Enforcement will review all of the submitted feedback by the concerned hosts before implementing the final law on January 9, 2023.

Tags Airbnb Rules & Regulations, lat_40.7127281, lng_-74.0060152

Airbnb Investment All About Airbnb

Best Places to Airbnb in New York

Post author By Robyn Peña
Post date September 7, 2022

Before investing in a property in New York, it’s important to analyze your options and gauge your profitability based on Airbnb’s key metrics. In this article, we’ll feature the top 10 best areas to Airbnb in New York along with their respective occupancy rates, monthly & yearly revenue, average daily rates (ADRs), and so much more!

Airbnb’s Trending Cities

Based on a recently released article about Airbnb’s top cities this summer of 2022, guests have searched for domestic summer destinations in the USA with over 10,000 searches. This simply means that vacationers are super ready to spend money and have fun under the sun! The travel demand has continuously recovered in comparison to pre-pandemic data.

Is Airbnb Profitable in New York?

Based on our recent article about Airbnb occupancy rates in New York, particularly in Brooklyn, an average 1 BD / BA apartment has a steady 55% occupancy rate and can generate $3,321 monthly! Short-term rentals in New York can definitely be a source of passive income because of the many tourists visiting annually.

To cut the story short, Airbnb is definitely profitable in New York! For instance, based on an Airbnb income calculator, you can earn a whopping $37,522 annually in Upper West Side alone! This area is attracting millions of visitors from around the globe for attractions such as The Empire State Building, Central Park, NY Times Square, and so much more.

Not yet convinced? Feel free to listen to one of our interviewees from Into The Airbnb Podcast – an Airbnb host consultant & property manager from New York:

Rental Arbitrage in New York

If you want to start an Airbnb investment in New York but are financially limited to purchasing your own property, don’t worry. You can still earn a passive income in two words: Rental Arbitrage! This refers to the practice of renting out properties for the sole purpose of sub-letting them on platforms such as Airbnb or HomeAway.

It may be a challenge to find landlords for Airbnb rental arbitrage since there are certain restrictions in other areas and other landlords simply do not allow it due to insurance policies. In addition to this, you also have to consider major factors in starting a rental arbitrage business in your preferred city. This includes rules & regulations, where to find the most profitable area, & how to find rental arbitrage properties.

Given the fact that South Carolina is a practical investment destination for property investors, you can always have the option to do Rental Arbitrage and earn money while you’re saving up to own a property.

Top 10 Most Profitable Cities & Neighborhoods for Airbnb in New York

New York offers excellent investment opportunities for property investors, so we went ahead and did the heavy work for you! Oftentimes, the struggle is targetting an entire city but missing out on a particular neighborhood that has an even greater chance of profitability!

Using Airbtics’ market analysis, we were able to accurately get a grasp of Airbnb demand in New York and filtered the top 10 most profitable cities:

1. Manhattan

Occupancy Rate: 71%
Annual Revenue: $39,017
Average Daily Rate: $164

Based on Airbtics’ analytics tool, the best neighborhood in this area is Upper West Side, which has an average occupancy rate of 77%. An average Airbnb host can earn an average daily rate of $137 in this neighborhood!

2. Upper Manhattan

Occupancy Rate: 71%
Annual Revenue: $37,522
Average Daily Rate: $106

Based on Airbtics’ analytics tool, the best neighborhood in this area is Harlem, which has an average occupancy rate of 74%. An average Airbnb host can earn an average daily rate of $103 in this neighborhood!

3. Queens

Occupancy Rate: 78%
Annual Revenue: $17,333
Average Daily Rate: $60

Based on Airbtics’ analytics tool, the best neighborhoods in this area are:

4. Astoria

Occupancy Rate: 73%
Annual Revenue: $21,705

An average Airbnb host can earn an average daily rate of $79 in this neighborhood!

5. Ridgewood

Occupancy Rate: 73%
Annual Revenue: $22,064

An average Airbnb host can earn an average daily rate of $75 in this neighborhood!

6. Brooklyn

Occupancy Rate: 78%
Annual Revenue: $30,775
Average Daily Rate: $108

Based on Airbtics’ analytics tool, the best neighborhood in this area is:

7. Williamsburg

Occupancy Rate: 87%
Annual Revenue: $49,575

An average Airbnb host can earn an average daily rate of $79 in this neighborhood!

8. Staten Islands

Occupancy Rate: 59%
Annual Revenue: $20,081
Average Daily Rate: $90

Based on Airbtics’ analytics tool, the best neighborhood in this area is Tompkinsville, which has an average occupancy rate of 69%. An average Airbnb host can earn an average daily rate of $91 in this neighborhood!

9. Bronx

Occupancy Rate: 54%
Annual Revenue: $15,598
Average Daily Rate: $78

Based on Airbtics’ analytics tool, the best neighborhood in this area is Pelham Gardens, which has an average occupancy rate of 72%. An average Airbnb host can earn an average daily rate of $91 in this neighborhood!

10. Long Island

Occupancy Rate: 39%
Annual Revenue: $37,005
Average Daily Rate: $286

Based on Airbtics’ analytics tool, the best neighborhood in this area is Montauk, which has an average occupancy rate of 40%. An average Airbnb host can earn an average daily rate of $389 in this neighborhood!

General Overview

Now that you have a deeper understanding of which particular area to target in New York and some of the major Airbnb metrics to consider, don’t miss out on greater opportunities! Since Airbnb is rapidly increasing and constantly changing for each city in the world, it is crucial to make decisions based on wild guesses. The data points mentioned in this article such as Airbnb occupancy rates per city, annual revenue, and average daily rates should be your basis for investing in properties in New York – or other cities with high occupancy rates!

Hence, an accurate data analytics tool can help your business stand out among your surrounding competitors and benchmark your property by tracking the occupancy rates of competing listings in your preferred city. With the help of our all-in-one analytics service, you can vastly enhance your monthly revenue, create a comparison for each neighborhood, add the appropriate amenities and so many more exciting features. Try Airbtics today and think of long-term profitability!

Explore The Most Profitable Airbnb Locations in New York

Tags Airbnb Investments, lat_40.7127281, lng_-74.0060152

Airbnb Occupancy All About Airbnb

Airbnb Occupancy Rates & Top-ranking Boroughs in New York City

Post author By Robyn Peña
Post date April 11, 2022

If you have ever heard of Frank Sinatra’s song “New York, New York” or watched films that have been set in New York City, then you can definitely understand why this particular city is recognizable around the globe!

New York City is situated in the northeastern part of the United States and is ranked as the most populous city with a winning number of 8,177,025 according to the 2022 Population Statistics. Some of the most visited tourist attractions in New York City are Times Square, The Statue of Liberty, Central Park, The Empire State Building, and the list goes on!

Undoubtedly, this city has a lot to offer to both tourists and locals who are aiming to enjoy while earning money in a city that never sleeps. According to a recently published article about NYC’s economic outlook, rents in NYC have continuously increased without interruption this 2022.

This simply means that for a variety of reasons, more and more people are looking for apartments to rent that are situated within the heart of NYC. If you are one of the numerous dedicated hosts in the Airbnb industry who would like to invest in NYC, continue reading!

In order to accurately check the average occupancy rates and monthly revenue of the 5 Boroughs in New York City, we utilized the features of Airbtics data analytics tool.

As presented on the column chart above, the 5 Boroughs in NYC have been categorized according to their respective occupancy rates and filtered into 2 beds / 2 baths – Apartment (Condo).

Bronx:

Occupancy Rate: 50%

Median Daily Rate: $127

Average Monthly Revenue: $2,064

Brooklyn:

Occupancy Rate: 55%

Median Daily Rate: $194

Average Monthly Revenue: $3,321

Manhattan:

Occupancy Rate: 50%

Median Daily Rate: $267

Average Monthly Revenue: $4,302

Queens:

Occupancy Rate: 49%

Median Daily Rate: $159

Average Monthly Revenue: $2,375

Staten Island:

Occupancy Rate: 52%

Median Daily Rate: $120

Average Monthly Revenue: $2,227

Frequently Asked Questions

What are the hosting requirements in New York City?

1. New York Data-Sharing
Due to a recently amended law in NYC, all Airbnb and other short-term rental platforms are required to share data on Airbnb about listings and you (as a host). You will have to agree on sharing your personal data (such as your name, physical address, profile ID number, etc.) with the city, or else you won't be allowed to host short-term stays.

2. Obtain a special license or permit to operate. For more information, you can consult the City's official portal.

3. Pay taxes, of course. Check out the official tax bulletin from NY State for more information.

4. Abide by other rules or contracts. This includes leases, condo boards, or rules established by tenant organizations. It's important to read your lease agreement or check with your landlord about further regulations.

Learn more about New York City's Legality & Regulations.

When is the peak season in New York City?

Typically, the months of July to September are the peak seasons in New York with an average of 57% occupancy rate.

What is the average daily rate in New York City?

According to Airbtics' Data, the average daily rate in New York is $205 for studio-type rooms, while for an apartment (Condo) is $204.

Which borough in NYC has the highest occupancy rate?

As of April 2022, Brooklyn has the highest occupancy rate of 55% with an average monthly revenue of $3,321.

How much do Airbnb hosts make annually in New York City?

According to Airbtics' data, Airbnb hosts in New York City can earn up to $37,896 per year.

Is Airbnb profitable in New York City?

Based on Airbtics data, it shows that Airbnb in NYC is DEFINITELY profitable!

Let us try to set aside the fact that NYC has natural powers in attracting more visitors annually and focus on this: There is an ongoing rents surge that you can take advantage of!

Are advertisements for rentals in Class A dwellings banned by the New York State?

Yes, advertisements for rentals in Class A dwellings are currently banned. This is in violation of the Multiple Dwelling's Law restrictions on short-term rentals.

What are the taxes imposed by the NY State for transient occupancy?

Though taxes may vary accordingly, some examples of taxes that are applicable to your listing are state sales and use tax, city hotel room occupancy tax, and the like.

Check out the official details from NYC's Department of Finance about hotel room occupancy tax.

What are the best Airbnb amenities to offer to my guests in New York City?

It's a fact that amenities are one of the winning factors for most guests, which is why we have to be guided by a list of Airbnb must-have amenities.

According to a recent survey from Streeteasy, here are a few perfect amenities for New Yorkers:

- In-Unit Laundry

- Dishwasher

- Parking

- Centralized AC

- Shared Outdoor Space

5 Boroughs in New York City

Bronx

Bronx is the only district in NYC located on the mainland and is known for its hip-hop culture. Some of its most iconic attractions are The Yankee Stadium, Urban Zoo, & NYC Botanical Garden.

According to The Bronx Tourism Council, almost a hundred of thousand visitors are traveling to Bronx annually to discover the city and its beautiful hidden treasures.

Brooklyn

Brooklyn is situated on the southwestern Long Island of NYC and is commonly known for the iconic Brooklyn bridge, museums, botanical gardens, and the like.

In comparison to other boroughs, Brooklyn’s population is diverse as it currently has 2.5 million inhabitants.

This simply explains why it has the highest occupancy percentage for apartment types in the city.

Manhattan

Manhattan is a coextensive New York County and is considered as one of the world’s foremost financial centers. If you are looking for the #1 tourist attraction in New York City — it’s definitely the Statue of Liberty, located in Manhattan!

According to the Office of NY State Comptroller, the majority of NYC’s tourism jobs (57%) are located in Manhattan. In addition to this, the hotel industry in this city has the highest wages of any county in the nation.

Queens

Queens is the second-largest among all the five boroughs in New York City and it has a variety of higher educational institutions.

As stated by Metropolis Moving, Queens has the most affordable housing & an average apartment rental can be as low as $2,090.

Staten Island

Staten Island is often referred to as the “borough of parks” in NYC because of its tremendous natural spaces. It is also known for the ferry that transports New Yorkers & tourists from Manhattan for free!

Situated in the southernmost borough in New York City, Staten Island offers top-rated tourist attractions which captivate the hearts of tourists from all over the world.

Among all the other boroughs in New York cITY, Staten Island has the highest monthly revenue.

MORE OCCUPANCY RATES IN NEW YORK CITY?

Learn more about how to find Airbnb occupancy rates in the major cities of the world!

As seen in the gathered information, all the boroughs in New York City have their fair share of interesting target markets to thrive in an Airbnb business. Based on their respective occupancy rates for apartment (condo) types, it is safe to say that you no longer need to conduct in-depth research from time to time if you have an access to the excellent data analytics tool to support your business.

If you will base your assumptions on articles portraying poorly estimated costs or a wild guess, then you will certainly find inaccurate results. Since you already have an idea and vision of NYC’s occupancy rates for apartment types this 2022, don’t settle!

With the help of our all-in-one analytics service, you can vastly enhance your monthly revenue, create a comparison for each borough, add the appropriate amenities and so many more exciting features. Try Airbtics now and stand out among your competitors!

Tags Airbnb Occupancy, lat_40.7127281, lng_-74.0060152

Airbnb Rules All About Airbnb

Is Airbnb legal in NYC?

Post author By Delia Valdez
Post date May 12, 2021

New York City is one of the country’s biggest short-term rental markets, in fact NYC is in the top 10 important markets for Airbnb with more than 50,000 listings. According to Airbnb data provider Airbtics, a studio apartment in Brooklyn generates up to $30,000 USD per year. But if you are looking to start a STR in NYC you have to know that the State of New York counts with tough restriction and regulation laws on short-term rentals and similar.

Here we will provide some useful information that can help you better understand the New York City Multiple Dwelling Law (MDL) and other regulations that New York City and the State of New York have for short-term rentals.

What are the short-term rental regulations in NYC and the Multiple Dwelling Law?

The New York State Multiple Dwelling Law (MDL) classifies buildings containing three or more dwelling units as “Class A” multiple dwellings (MDL, Article 1, Sections 4-7, 4-8.a.) The law states that “Class A” multiple dwellings must be occupied for at least 30 or more consecutive days by the same individual or group of people independently. In such properties short-term (less than 30 days) leases are illegal, unless a “permanent resident” of the dwelling is present during the entire rental period, which eliminates corporate hosts and also forces the short-term stay of the tenants in a shared space.

Is also illegal any kind of advertising for short-term rentals prohibited by MDL, this includes listing those rentals on Airbnb or other online STR platforms. Fines for infringements of the law can go from: $1,000 to $5,000 to $7,500 for first, second and third (or more) respectively. These fines can be imposed both on individual hosts and on the rental platform on which those illegal rentals are being advertised.

A “Class B” multiple dwelling is a multiple dwelling which is occupied, as a rule transiently, as the more or less temporary stay of a group of people or individuals. This class shall include hotels, lodging houses, rooming/boarding houses, lodgings, club houses and dwellings designed as private houses but occupied by one or two families with five or more transient boarders in one household. These previously mentioned would not generally be subject to the MDL’s regulations.

OCCUPANCY RATES IN NEW YORK CITY?

Learn more about how to find Airbnb occupancy rates in the major cities of the world!

Other requirements and regulations to have in mind if you’re thinking about starting a STR in NYC

Certificate of Occupancy or CO: Every residential building in New York City must have a certificate of occupancy. If you already have a certificate of occupancy you can look it up at the New York City Department of Buildings website. In case you don’t, you must get it before starting using your building as STR or LDR and you can find out more about how to issue it here.
Business licensing: Maybe you’ll also need to issue a special license or permit for business in New York. You can consult about it on the City’s business portal and on the City’s business regulation finder.
Rent control laws: If you live under a rent stabilized or rent controlled property, it is fundamental to first determine if the short-term rental of the housing unit is permitted. You can review the rules at The New York Administrative Code for rent stabilized (Section 26-501-26-520) and rent controlled (Section 26-401-26-415) housing. For further guidance please contact your local rent board.
Taxes: New York City and New York State impose multiple taxes that may apply to transient occupancy or tourist use. For more information about hotel sales taxes please consult the New York State Department of Taxation’s website for more information about hotel sales taxes and the City’s website for information about NYC hotel occupancy taxes.
Zoning Laws: Consult the New York City Zoning Code for information about areas in which transient rental buildings can be located.
Lease Restrictions: Are you living in a residential lease and considering to start a STR there? Then first you have to make sure to get your landlords permission for rental arbitrage. You can even ask them to put the permission in legal papers to avoid future problems. Tenants who violate their leases by engaging in unauthorized rentals could face eviction.

Airbnb and their history with the data sharing law in NYC: is Airbnb still permitted?

In August 2018 the New York Mayor Bill de Blasio signed the Homesharing Surveillance Ordinance. The ordinance requires Airbnb and similar rental advertising sites to turn over hosts and their listings information to the Mayor’s Office of Special Enforcement, which goes after illegal short-term rentals.

In the same month, Airbnb sued the New York City Council in court to stop the implementation of this law claiming it violates the free speech guarantee of the First Amendment and Fourth Amendments to the U.S. Constitution and the Federal Stored Communications Act (“SCA”).

In 2020 Airbnb dismissed its federal lawsuit due to an amendment of the law. The new terms of the settlement and adjusted law now state as follows:

Instead of monthly reporting of the data now it is required quarterly
Listings that qualify for the reported data are those who offer the short-term rental of an entire dwelling unit or a short-term rental for three or more individuals at the same time
The platform won’t need to report listings that rent the dwelling unit or housing accommodation for an aggregate of four days or less

New York data-sharing requirements for Airbnb hosts and their listing

Before Airbnb disclose your data to the City, they’ll ask for your consent to share this information. If you consent, they’ll provide information about your hosting and listing activity to the City.

Here’s the list of the data Airbnb will be sharing with the City of New York

Host & Co-Host(s) information:
1. Name
2. Physical address (street name, street number, apartment or unit number, borough or county, and zip code)
3. Phone number
4. Email
5. Profile ID number
6. Profile URL
7. Total amount the platform transmitted to the host
8. the account name and consistently anonymized identifier for the account number for the account used by host to receive payments
Listing(s) information:
1. Physical address (street name, street number, apartment or unit number, borough or county, and zip code)
2. Listing’s name
3. Listing’s ID number
4. URL of listing
5. Type (ex: entire place, private room etc.)
6. Total number of nights booked per listing

For further guidance you can consult Airbnb’s Help Center section about New York or contact Airbnb.

Tags Airbnb Rules & Regulations, lat_40.7127281, lng_-74.0060152

🎉 FREE WEBINAR - July 24th, 11am / 8pm CET - Learn Airbtics in 7 Minutes - Revenue and Market Analysis Tips and Best Practices!