Airbnb Hosts Feel the Heat, From NYC to Paris

You may have heard of the “Airbnbust” — a disappointing post-Covid wake-up call for some US hosts, whose plans for paying off the mortgage on that second home with a yard depended on a steady stream of short-stay renters. The latter don’t seem to be flocking in as expected, preferring Rome to Orlando.

But now those lucky enough to have a pad in the most sought-after tourist hotspots and megacities have their own issue with an “Airbnboom”: a regulatory backlash against short-stay accommodation that makes spiraling housing costs worse. New York City is the latest metropolis to wade into the fray, forcing short-term rental hosts to register with the city and follow tough curbs or face fines, something Airbnb claims is a de facto “ban.”