Share Better — a coalition of elected officials and housing advocates backed by the influential New York Hotel Trades Council — is releasing ads arguing the $30 billion company threatens affordable housing in the city and has manipulated the housing market. New York hotel interests that oppose Airbnb are launching an ad campaign against the short-term rental platform in an effort to push for more regulation of the company. The campaign is the latest skirmish in an ongoing fight between the hotel industry and Airbnb, which critics say is skirting regulation to undercut traditional players while driving housing stock off the market.
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