Airbnb’s NYC Comeback Dashed After Bill Easing Restrictions Dies
Summarize this article with:
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Airbnb Shakeup:An Airbnb Inc.-backed bill that would have eased some short-term rental restrictions in New York City failed to make local legislators’ final voting agenda of the year, dealing another setback to the company’s efforts to regain traction in one of the busiest tourism markets in the US.City council members were expected to vote Thursday on the short-term rental bill at their last meeting of the year before the legislative clock resets and Mayor-elect Zohran Mamdani is sworn into office in January. But the bill, which was opposed by the hotel industry union, failed to proceed at the eleventh hour.