The short-term rental market in New York City in 2025 is largely unrecognizable when measured against the short-term rental scene in 2023. Whether that's a good or a bad thing depends on your perspective.
Banning short-term rentals in New York City didn't instantly lead to a wave of affordable housing, although the impact could potentially be different in smaller towns and cities.
New York City has tightened the rules for hotel operations. After having supported a campaign to rein in short-term rentals, the city's hotel sector has now gotten a taste of greater regulation of itself.
The New York City Council bill has ignited a fierce debate between supporters who claim it will improve safety and working conditions and opponents who argue it could cripple the hotel industry.
The Privatization Commission board of Pakistan could not decide on the mode of privatizing the Roosevelt Hotel in New York, with members divided between leasing it for 99 years or developing it through a joint venture.