Share Better

Raising awareness of the threat illegal hotels pose to the affordable housing & safety of communities. Sponsored by HANYC & NYHTC

[Share Better @Share_Better]

"For a company that prides itself on cultivating human connection, [@Airbnb’s] approach to laying off 534 contractors with its partner agency was remarkably callous."—@ayfurman

[Share Better @Share_Better]

An anonymous current employee tells @ayfurman: “[@Airbnb] is a company that positions itself as a brand for the people, of the people—and then internally, people are treated like second-class citizens. It’s hypocritical.”

[Crain's New York @CrainsNewYork]

A new union deal could require furloughed hotel employees to take a #Covid19 test before returning to work #CrainsNY https://t.co/Rifu5evteC

[Share Better @Share_Better]

“With this agreement, the city will have a powerful tool to detect those who hide behind fake accounts and address those who take housing away from New Yorkers,” ––Christian Klossner, Exec. Dir. of the Mayor’s Office of Special Enforcement

[Share Better @Share_Better]

.@Airbnb will now provide NYC quarterly updates of following:
✅listing address
✅name, phone number & email of host
✅whether the short-term rental is for an entire unit/apartment or part of a unit
✅total number of days booked
✅amount received by the host for each transaction

[Share Better @Share_Better]

With the key data sharing and enforcement provisions remaining in place to hold @Airbnb accountable, this settlement is a huge victory for affordable housing advocates and tenants.

[Share Better @Share_Better]

The law will remain the most far-reaching data disclosure law in the country. On top of assisting the City with its enforcement efforts, the info @Airbnb will be required to disclose will act as a very strong deterrent against commercial operators.

[Share Better @Share_Better]

Key protections of the law remain in place. @Airbnb will now have to disclose critical info about its operators, which will improve NYC's ability to enforce existing housing laws & rein in the bad actors & commercial operators who have eaten into our affordable housing stock.

[The Wall Street Journal @WSJ]

Airbnb is cutting 1,900 employees, or 25% of its workforce, the company's co-founder and CEO told employees in a memo https://t.co/9BmBNVUpZc

[CNBC Now @CNBCnow]

BREAKING: Airbnb to lay off nearly 1,900 people, 25% of company
https://t.co/rdo4p9CMAz

[Cory Weinberg @coryweinberg]

NEWS:
Airbnb planning significant layoffs of full-time employees

- Between 1,000-2,000 staffers expected to lose their jobs
- Airbnb will put aside projects related to transportation, TV studio, luxury
- Will save hundreds of millions of dollars a year

https://t.co/L9BmHA7sy2

[Kelly Bauer @BauerJournalism]

City warns AirBNB and HomeAway hosts: If your guests throw a party, you're permanently banned from hosting in Chicago. 👇

[Share Better @Share_Better]

“[@Airbnb hosts] have taken on a lot of risk, and we’re seeing the consequences of that now.” With Airbnb hosts 1-2 months away from foreclosure, many are desperate to sell properties, adding diminishing overall property values to Airbnb's economic disaster.

[Share Better @Share_Better]

One in five @Airbnb hosts said hosting on the platform helped them avoid eviction or foreclosure. Now they have nothing. While they are potentially eligible for small-biz loans and unemployment, it's not clear how many hosts qualify and whether disbursements would be fast enough.

[Share Better @Share_Better]

.@AirDNA estimates that a third of @Airbnb listings are by hosts with b/w 2-24 properties. Another third involve hosts with more than 25 properties, often created by startups, which pay to rent hundreds of apartments that they sublease on @Airbnb and elsewhere

[Share Better @Share_Better]

Despite @Airbnb hosts losing their income with no recourse, Airbnb slashes expenses and secures $2B in financing and a $1B loan. They have no plans to help hosts recover.

[Share Better @Share_Better]

@Airbnb hosts saw $1.5B in bookings vanish mid-March as the travel industry froze. And they were hung out to dry when Airbnb gave guests full refunds that forced hosts to pay out of pocket or beg for leniency on April loans & rent.

[Share Better @Share_Better]

"@Airbnb spawned a cottage industry of homeowners running their own property empires, turning the startup into a hotelier without any hotels." Now, they're stranded and ill-equipped to handle an economic disaster.

[Share Better @Share_Better]

“I made a bargain with the devil.” The promise of more rental income offset growing debt. Owners of short-term rentals can't make ends meet as cancellations and bookings surge for @Airbnb

[Share Better @Share_Better]

"The breakdown of the @Airbnb economy could strain lenders, undermine property values, and validate local govs�� long-held suspicions that Airbnb contributed to the affordable-housing crisis."