If you travelled to New York City (NYC) lately, you know how costly it is to spend a night in a comfortable hotel room. The New York City gets 15 percent of your hotel lodging bill as a Transient Occupancy Tax (TOT). A new wave of an alternative lodging is providing more affordable alternative to travelers to NYC. According to a 2011 state law, residents of apartments can rent out rooms to travelers but not the entire apartment. You can rent a room in an apartment in Queens for $20 a night or an entire loft in SoHo for $285. However, the NYC estimates that it loose approximately three percent revenue due to the state law and fighting with citations for violations of its own rules. The state is proposing that those renting rooms register with local governments at a cost of $200 and collect and send TOT to the local jurisdiction.
Most apartment rooms in NYC are rented on the Web. Those who are active on the Web such as Airbnb.com are fighting back the NYC on behalf of those apartment dwellers who are relying on the extra income to make ends meet. The Airbnb.com has about 15,000 listings in NYC.