NY Post – Airbnb is costing the city tax revenue

December 23, 2015
Revenue from the city’s hotel tax is expected to drop for the first time since the 2009 recession — and Airbnb is partly to blame, according to the Independent Budget Office. “The strong value of the dollar, further additions to the supply of hotel rooms and competition from Airbnb contribute to lower occupancy rates and downward pressure on room rates,” the IBO said….
Source: http://nypost.com/2015/12/23/airbnb-is-costing-the-city-tax-revenue/