Airbnb has settled a major lawsuit against New York City and agreed to hand over personal data on its hosts, helping officials track down those who rent their homes in violation of city regulations, Bloomberg reported. The agreement announced Friday could cost Airbnb tens of thousands of listings in the Big Apple, but it also gets the home-share startup closer to its ultimate goal – clarifying its legal status in one of the company’s biggest domestic markets.
- The details: Airbnb and Expedia Group’s HomeAway agreed to share information with the city on a quarterly basis, rather than monthly. The companies will hand over the physical address of the listing, plus the host’s name, address, phone number and email, along with data on whether or not the listing is for an entire unit or part of a unit, the total number of days booked and amount of money received by the host. The companies will be required to hand over data that applies only to hosts who rent out their entire homes for five or more nights a quarter. [Bloomberg]