New York’s Attorney General Eric Schneiderman is cracking down on Airbnb.
Schneiderman is looking to shut down the online marketplace’s listings that he argues violate local hotel laws, which are in place to prevent people from renting residences for less than 30 days unless the occupants are also home, according to a release. A new state report found that nearly 72% of the site’s listings are illegal, based on the state’s laws.
“This report raises serious concerns about the proliferation of illegal hotels and the impact of Airbnb and sites like it on the City of New York,” said Schneiderman.
Schneiderman’s report found that local Airbnb bookings between the start of 2010 and June 2, 2014 brought in about $304 million in revenue for hosts, and almost $40 million of that went to Airbnb as part of its broker commission. One commercial user made $6.8 million in less than five years across 272 unique listings.