Airbnb drops lawsuit against NYC over new state law


Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) — Airbnb has agreed to drop a lawsuit against New York City over a new state law it said could have deterred hosts and impaired its revenues.

The settlement was reached Friday.

The law levies hefty fines against those who offer to rent out their entire living space for less than 30 days.

Supporters say it's necessary because some property owners take apartments that could be homes for city residents out of circulation.

Airbnb said the law rewarded the hotel industry at the expense of ordinary New Yorkers.

It says it'll work with the city on how the law will be enforced.

Democratic Assemblywoman Linda Rosenthal who wrote the law calls the settlement "an astounding about-face" by Airbnb.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent U.S. stories

Related topics

U.S.
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast