Everyone usually frames this debate as compensating the little man instead of lining the rich pockets of the hotel industry. I have personally not seen this. I am a NYC condo owner and I do not know a single other condo owner that I have met that welcomes illegal short-term renters in their buildings. We enacted a $1000/day fine in our building against the owner on record if we catch someone doing this. We invested in real estate in this city and all signed contracts agreeing that only long-term subleases would be allowed (>= 12 months), and so we are upholding those contracts. Just because someone wants to visit the city and not stay in a hotel does not mean that all the other unit owners in a particular building want you there. It is not just a transaction between you and whoever hands you the keys. The last 2 Airbnb cases in our building were legal long-term subletters themselves listing the apartment on Airbnb without the owner's knowledge. There is so much straight-up illegal activity going on it's not even funny.