Skift reports onefinestay shifting focus to ultra-luxury homes, abandoning many urban short-term rentals, based on New York City data showing 27% of listings now operating illegally. <br><br>Reference:<a href="https://skift.com/2026/04/27/the-middle-class-short-term-rentals-is-dying-and-luxury-is-taking-over/" target="_blank">Source</a>.<br><br>