New York’s $3,000 one-way rental-tax stamp has been a boon for the city’s tourism industry, which has benefited from a recent surge in international tourists.
But for many locals, that has meant paying a hefty price to visit the Big Apple.
The stamp, which was first used in 1873 and has been renewed each year, is one of several subsidies the city provides to the hospitality industry.
But this year, it is attracting the most attention as New Yorkians are paying higher rents to travel to the city, and many locals are finding it more expensive to rent an apartment in the Big Easy.
One New Yorker said the difference between renting an apartment on Airbnb and renting a unit in a downtown hotel is “a big chunk of money.”
“The difference is that when we rent, it’s free,” said Jessica Eisner, a 28-year-old freelance writer from the Bronx.
“But when we go to rent a hotel, it cost $700 a night.
It’s a $200 difference in price.”
The New York Post reported this week that Airbnb has raised rents in the city and is adding more rooms in some hotels.
Eisner and other Airbnb hosts have filed a class-action lawsuit against Airbnb and the city.
Airbnb has denied the claims, and said it does not discriminate based on ethnicity, religion, or income.