New York City’s crackdown on short-term rentals such as Airbnb and Vrbo has begun, and the effects are being felt throughout the industry and among travelers visiting the area.

The city adopted Local Law 18, which requires hosts to register with the city or face stiff fines, in 2022, but enforcement didn’t begin until September 2023. Experts say the change has already reduced the number of short-term rental units in the city.