https://karincomeaux.com/wp-content/uploads/2020/12/SiteLogo-2019-9-24-7-47-34.png 0 0 HousingWire https://karincomeaux.com/wp-content/uploads/2020/12/SiteLogo-2019-9-24-7-47-34.png HousingWire2018-07-25 15:13:002018-07-25 15:13:00New York legislation to cut Airbnb booking revenue in half
New York legislation to cut Airbnb booking revenue in half
New Yorkâ€™s new legislation targeting illegal short-term rental activity is slated to slash Airbnbâ€™s New York booking revenue in half. According to an article by Bloomberg, Airbnb and its users are on track to generate $140 million in booking revenue this year, from which Airbnb takes a roughly 15% cut. But come January when the new legislation goes into effect, Airbnb and its hosts can kiss at least $70 million of that goodbye.