New York City’s short-term rental ban spurs growth in neighboring cities

Following the implementation of a short-term rental ban in New York City last year, neighboring cities such as New Jersey have reported significant economic growth. This ripple effect has benefited not only short-term rental owners but also a wide array of other industries due to increased tourism.

Industry experts are now pondering whether the travel sector should shift its focus towards these “second cities,” which could present lucrative opportunities for both corporate and leisure travel businesses.