Short-term rental bans and the hotel industry: Evidence from New York City
| Author | Sebastian C. Anastasi, Alexander Marsella, Vitor Melo, E. Frank Stephenson, Gary A. Wagner |
|---|---|
| Published | July 2025 |
| Format | Research paper |
TL;DR — A political-economy paper finding that hotels lobbied for New York City’s short-term rental ban and gained $2.1–2.9 billion in revenue in its first 18 months.
Published in the European Journal of Political Economy (vol. 89, 2025) by economists at Clemson, Berry College, the Knee Regulatory Research Center and the University of Louisiana at Lafayette. The keywords are regulatory capture and political economy.
Building on capture theory, the authors document that hotels outspent home-sharing platforms like Airbnb in political contributions by an order of magnitude, mostly before the ban. Afterwards, hotels’ average daily rates rose by roughly $14–19 a night and revenue by about $2.1–2.9 billion over eighteen months, almost entirely from higher prices rather than more room nights.
What it is: a peer-reviewed economics paper in an Elsevier journal. Not open access; this is the publisher’s version.
Where this came from
- A copy saved in October 2026.
14 pages. A PDF copy is held in Kyle’s private archive; it is not linked or shared here.