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Airbnb, the online lodging service that investors now believe is worth US$30bil (RM125.53bil), faces a reckoning.
Airbnb Inc will need to share the names and addresses of hosts in New York City with officials thanks to a new law, the latest setback for the home-rental company in one of the world’s largest tourism destinations.
New York State has passed legislation that would ban Airbnb users from listing some short-term rentals, a move that represents a new line of attack by legislators against the company in one of its most important markets.
Airbnb said more than 1,000 companies have joined its new programme allowing business travellers to use the peer-to-peer-lodging service.