Imoortant data point: NYC anti-airbnb law came into effect 9 months ago[1] This has destroyed airbnb listings in nyc to the joy of hotels everywhere. I belie

Imoortant data point: NYC anti-airbnb law came into effect 9 months ago[1] This has destroyed airbnb listings in nyc to the joy of hotels everywhere. I believe bookings made before the law came to be survived, so they stayed on the books as revenue, assuming a lead time of avg 6 months, you'd exoect the hit to be happening in Q2-Q3 of thia year. There are also regulations that came online ij all of BC and some other cities in CAN as well. If this is happening in more major markets, maybe that's the reason for the fall? [1] https://slate.com/business/2023/09/new-york-city-airbnb-new-rules.html https://slate.com/business/2023/09/new-york-city-airbnb-new-...