Airbnb will survive the regulatory clampdown in New York City as it only generated about 1% of its 2022 revenue. Still, the city is an important market, and this will hurt.
New York City's Office of Special Enforcement has approved only 257 out of 3,250 short-term rental host registrations before the September 5 enforcement deadline.
Today's edition of Skift's daily podcast looks closer at New York City's short-term rental backlog, booking travel on Google, and a cricket travel bump in India.
New York City's short-term rental choices will be a shadow of their former selves starting September 5. That's good for neighbors tired or parties and nuisances, but bad for hosts and travelers looking for affordable visits.
After a decline for more than two years, business travel seems to be gaining traction. But can it sustain the momentum in the face of global recession and growing inflation?
U.S. destinations want more first-time tourists, but they don't want to waste their time and money on those that have no hope of getting a visa in a reasonable amount of time.
Not only is the final game worth millions in tourist spending, destinations will win bragging rights and put themselves on the map with new tourist markets.