Airbnb in fierce battle with cities trying to regulate the service
Airbnb has had an enormous impact on the travel and hospitality industries, offering unprecedented choice and convenience to travelers all around the world. Whether you need a bed for the night or a vacation rental for a month, the service provides a variety of options. Meanwhile, homeowners and anyone having a spare room can now monetize the asset very easily.
These conveniences, however, have disrupted markets in dense cities like New York while also creating incidents where users created damage and noise problems.
As a result, cities like New York are trying to crack down, and now Airbnb seems poised to fight back. It will be interesting to see how this plays out.
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