Airbnb faces significant challenges in New York City due to regulatory pressures and competition from traditional hospitality sectors. The discussion highlights the tension between regulated markets and unregulated platforms, emphasizing that competition becomes unfair when one side is subject to strict regulations while the other is not. Participants advocate for a regulatory framework that allows both types of businesses to coexist rather than outright bans. The conversation also touches on the collaboration among various global cities, including New York, Paris, and Seoul, to create unified regulations for the sharing economy. This collective effort aims to establish clearer rules while addressing concerns about corruption within heavily regulated industries.
