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New York City Airbnb hosts cancel guests due to new short-term rental laws, leaving them high and dry

New rules curbing short-term rentals went into effect this week in New York City. But the stricter laws have left some travelers scrambling due to last-minute cancellations.

A new ordinance requires all short-term-rental hosts to be registered with the city, live in the place they are renting, be present when someone is staying, and host only two guests at once.

The…

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This article was written by Follow Manika is a macroeconomist with over 20 years of experience in industries including investment management, stock broking, investment...