Airbnb is trying to claw its way back into New York City’s short term rental market by injecting $1 million into what’s been framed as a grassroots movement of homeowners who want to rent out their one- or two-family homes.
The online rental company suffered an embarrassing defeat in fall 2023 when the City Council passed a law that imposed strict regulations on home-sharing, forcing Airbnb to remove from its site tens of thousands of Big Apple rentals at the time and sending traditional hotel rates soaring.
Local Law 18 requires hosts to be present when guests are home, but Airbnb’s covert lobbying supports a new bill from Councilmember Farah Louis and supported by Speaker Adrienne Adams that would upend that.
The new bill would allow short term rentals when the owner is not…
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