Stringer incorrectly interpreted AirDNA data

On Friday a firm which deals with analysis of Airbnb rentals,Comptroller Stringer Scott, forcefully stroke city claiming with a “deep flawed” research study making use of its own date to accuse this well-known home-sharing service of double-digiting increases in rent in Big Apple parts.

“The report that interrupted incorrectly AirDNA so as to come up with assumptions on Airbnb impact on the rental pieces in New York, makes false conclusions at a very big cost to many of the hosts of Airbnb who rely on that platform to earn their daily living.” The reporting firm said.

The report by Stringer which was released on Thursday laid claims that Airbnb was the reason as to why rent increased by 9.2% average throughout the city between 2009 and 2016 and also for the double increase in some of the neighborhoods which are coveted.

However, AirDNA said it was all wrong by the comptroller. He claimed that, “The comptroller takes every new listing which is uploaded on the site as number listings which were active for that year. Most of the Airbnb listings actually are inactive. They just idly in that site, make no rent and are not booked by guests and hence impact not or less on the prices of rent.

AirDNA said that merge all the types of listings is total misrepresentation and misguide to New Yorkers who rent out their spare rooms so as to supplement what they earn or settle mortgage.
Stringer has assumed mistakenly that even a rental listed and was occupied once in a year impacts equally with professional, full-time managed listing.

This report firm added on and said, most of the active listings comprise of private rooms. Single –listing hosts compared to multi-listing hosts are five times more and 65% of the total properties are under management of hosts having a single listing.
Chris Lehane the spokesman of Airbnb demanded that Stringer should retract that study naming it “hit job” which has the hotel industry behind it.

On Friday, a spokesman of the comptroller said that on basis of information availed by AirDNA, they concluded on same report be it apartments which were listed full-time or part-time on Airbnb.
He added on and said, “Our report stated explicitly that Airbnb was behind the 9.2% increase in cost of housing but not 100%.”

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