This is the best summary I could come up with:

The new rules are intended to effectively end a free-for-all in which landlords and residents have been renting out their apartments by the week or the night to tourists or others in the city for short stays.

The company’s global policy director, Theo Yedinsky, called the rule changes a blow to “the thousands of New Yorkers and small businesses in the outer boroughs who rely on home sharing and tourism dollars to help make ends meet”.

The company has, however, been forced to follow the new rules, and said that since 21 August it had stopped accepting new short-term reservations from any host who hadn’t provided either a city registration number or documentation that it was in process.

AirBnb had 38,500 active non-hotel listings in New York City as recently as January, and some hosts of smaller homes said they were being unfairly targeted and lumped in with larger apartment buildings.

While online rental listing services gave travelers more options in New York – and were a financial windfall to residents who rented out their homes while away on vacation – they have also led to complaints about scarce housing in residential neighbourhoods being booked up by tourists.

Regular tenants complained about buildings that suddenly felt like hotels, with strangers in their hallways and occasional parties in rented units.

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