New York mulls banning vacation apartment rentals: Hotel chains reap the benefits
New York State senators are about to vote on a bill that would ban homeowners or renters from renting out their places for periods of less than a month.
The new law, should it pass (it's being fast-tracked, so opposition is finding it difficult to catch up), is a blow for the budget traveler and a boon for the high-priced hotel-and-convention industry, which will of course be eager to host the refugees from the short-term apartment rental business.
The new law, says BudgetTravel.com, would be a blanket ban on the estimated 3,000 transient units available right now. It would no longer matter whether the rental went through a vacation-focused broker such as City Sonnet or NY Habitat, or through casual channels such as an ad on Craigslist.