Why Airbnb Can Survive A ‘De Facto Ban’ In New York City

No Room: Under the new program, New York has approved just 9 apartments for short-term rentals.  ILLUSTRATION BY STEPHANIE CUI FOR FORBES; P. SPIRO/ALAMY 

Last week, Airbnb filed a lawsuit against New York City over a new law that the company is calling a “de facto ban” against short-term rentals that threatens $85 million in annual revenue for the home-sharing platform.

Set to go into effect next month, New York City Local Law 18 requires city residents who want to rent out a room or apartment to register first with the New York City Mayor’s Office of Special Enforcement (OSE) and attest that they will comply with what Airbnb calls “the maze of complex regulations in different legal codes governing short-term rentals.”

Those who skirt the law are subject to a civil penalty of up to $5,000 for each violation. Short-term rentals in New York City drove $85 million in annual net revenue for Airbnb in 2022, according to the lawsuit.

While that’s not a small sum by most measures, it’s barely more than 1% of the company’s $8.4 billion annual revenue.

Dan Wasiolek, a senior equity analyst at Morningstar Research Services who covers lodging and online travel, likens the new law in New York to a natural disaster. “Just to put it in perspective,” he explains, “let’s say a hurricane impacts one of your markets and shuts it off for a period of time until the issue gets worked out. I see this as a one-off situation that comes up in a cycle every so often.”

For now, it appears that Airbnb is on the brink of a near-shutdown in New York City, where there are currently 20,000 apartments and homes listed on its site. As of a month ago, the city had approved only nine registrations for short-term rentals, a number that makes up less than 0.04% of active listings that have been booked at least once since the beginning of the year.

“Nine is ridiculous,” says Wasiolek. “A fraction of one percent of Airbnb listings have gotten official verification, which is a sign that the law is extremely restrictive.” And to make matters worse for Airbnb hosts, “it’s my understanding the city isn’t explaining to people why their application is rejected.”

Of course, this isn’t Airbnb’s first civic battle. In the 16 years since the company launched, it has seen major markets—including Tokyo, Miami and Paris—issue ordinances to regulate short-term rentals, resulting in a dizzying global patchwork of laws and city codes of varying degrees of burdensomeness.

It’s a level of complexity that other players in the short-term rental industry would love to simplify. “Our industry is heavily regulated, but nothing much happens at the federal level,” says Nick Scarci, director of state and local government relations at the Vacation Rental Management Association (VRMA), which represents over 1,200 professional rental management companies.

Continue reading…..

I watch trends in travel. Prior to working at Forbes, I was a longtime freelancer who contributed hundreds of articles to Conde Nast Traveler, CNN Travel, Travel + Leisure, Afar….

Source: Why Airbnb Can Survive A ‘De Facto Ban’ In New York City

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The Rise of The Deinfluencer

Have you heard? We’re in a ‘deinfluencing’ era now. You read that correctly: influencers on TikTok are telling their followers what not to buy under the guise of critiquing overconsumption and saving money. The growing trend – which has mainly taken root in the beauty and lifestyle communities – comprises of videos in which popular products are labelled overhyped.

“I’m here to deinfluence you,” one user warns, in a video with over 56,000 likes. “Do not get the Ugg Minis. Do not get the Dyson Airwrap. Do not get the Charlotte Tilbury Wand. Do not get the Stanley Cup. Do not get Colleen Hoover’s books. Do not get the AirPods Pro Max.” If influencer marketing uses personal endorsements to sell products, in principle, deinfluencing should urge consumers to think critically about their purchases and evaluate their necessity.

‘Deinfluencing’ videos surfaced at the beginning of the year, as a sincere attempt to join the dots between trend cycles, unethical labour practices and excess waste. “We’ve all learned the impacts of the fast fashion industry,” Shelbi Orme, a sustainability content creator, weighed in under the deinfluencing hashtag, which at present has been viewed 100 million times on TikTok.

“We [know] about the human rights violations happening within the fast fashion industry, but honestly ‘fast make-up’ is very problematic as well.” Orme is right, but it’s not just the fashion and beauty sectors which revel in unethical production – almost all global industries do. Since 1970, human resource extraction has more than tripled, including a fivefold increase in the use of non-metallic minerals and a 45 per cent increase in fossil fuel use. To put plainly, none of this is sustainable.

Yet, as is often the case online, what started as an honest, user-led intervention into our collective consumer behaviour, has been co-opted by influencers to shill even more products. ‘Deinfluencing’ videos have metamorphosed into a viral video format in which influencers are slating products they didn’t like and redirecting followers to other products or their ‘dupes’. In essence, most ‘deinfluencers’ on the app are really influencers in sheep’s clothing.

Evidently, the same people who regularly shove products in our faces are not interested in stopping, especially when it’s a source of income for them. For most, ‘deinfluencing’ appears to be the latest ‘socially conscious’ marketing ploy loosely based around sustainability and the financial hardship consumers may be experiencing during a global economic decline.

Worldwide, people have tightened their purse strings to survive rising rents, utility bills and inflation rates. At the same time, saturation and increased competition in the influencing market mean the job is simply not as easy as it used to be. In a recent report, 71 per cent of marketing agencies, brands, and influencers admit to having increased the amount of content they produce and share, while 63.2 per cent are feeling the impact of 2023’s macroeconomic circumstances.

Influencer marketing has come a long way since it emerged in the form of celebrity endorsements. In the past, a small group of stars with millions of fans dominated ad campaigns, but their big audiences didn’t necessarily convert into sales. Today, there are influencers with audiences of all shapes and sizes. It’s not just the mega-influencers making the big bucks, but micro-influencers with smaller but highly engaged audiences are getting a slice of the pie too.

To stay on top of their game, influencers perform authenticity and swear honesty in their endorsements of products. Even their tepid political views matter to audiences too. When the tide against influencers turns, they’re forced to evolve. To survive people’s growing disinterest and inability to buy stuff, influencers – consciously or subconsciously – are fighting for people’s trust to differentiate themselves from the other, more blatant or vulgar salespeople.

So ‘deinfluencing’ is a perfect way to get followers onside by evoking images of overspilling landfills and floating bits of plastic in the ocean while recommending a few more products for their online baskets. What would a genuine wave of deinfluencing look like if it were to happen? Personally, I wouldn’t put my money on the anti-consumerist revolution materialising on the apps engineered to sell us stuff.

As well as the existence of influencers, social media platforms have features designed to encourage overconsumption, such as endless scrolling, auto-play videos, and algorithmically-developed recommendations. Instagram and TikTok offer users a stream of engaging content they can scroll through indefinitely, exposing them to an infinite array of products, services, and lifestyles they might not have otherwise encountered.

This continuous flow of product placements can pressure people to buy stuff they don’t need or can’t afford in order to keep up with the latest trends and maintain their social status. Though admirable, it’s naïve to think we can outsmart all the marketing devices deployed at us.

Conversations on TikTok and Instagram, like on any other public platform, can be meaningful, but lasting change will come from a significant economic overhaul needed to seriously tackle overconsumption. One such proposed idea is degrowth, which Jason Hickel, economic anthropologist and author of Less Is More, summarises as “a planned reduction of energy and resource throughput designed to bring the economy back into balance with the living world, in a way that reduces inequality and improves human well-being”.

Consuming less makes up a large part of the vision, but producers ought to be held responsible too, not just by social pressure but also through legal frameworks. In addition, we’d need systemic changes that would shift societies into circular economies and reduce the production and use of goods harmful to the environment and, ultimately, to us. Many intelligent thinkers have offered radical solutions to overconsumption, but in the meantime, remember that the next viral cream blush will only be as good as the other ones collecting dust in your drawer.

By: Diyora Shadijanova

Source: The rise of the deinfluencer | Dazed

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How Companies Can Help Support Biodiversity

Getty

In the U.S., you could have blinked and missed a momentous announcement that impacts our ability to safeguard and improve our planet. I noticed that news coverage of the COP15 on biodiversity in Montreal was significantly less than that of the COP21 agreement on climate held in Paris in 2015. Nor did it receive the fanfare or celebrity endorsement. But, it is an important step forward in ensuring our planet continues to be a diverse ecosystem.

Biodiversity is paramount for the functioning of our planet, and the business case should suggest that focusing on biodiversity is as important as reigning in our carbon emissions: “Degrading ecosystems could trigger a downward spiral of US$2.7 trillion in global Gross Domestic Product by 2030.” Failures in biodiversity costs the global economy more than $5 trillion a year in the form of lost natural services.

The World Economic Forum in collaboration with PwC found that “$44 trillion of economic value generation—more than half of the world’s total GDP—is moderately or highly dependent on nature and its services and is therefore exposed to nature loss.”

There are 23 environmental targets stipulated under the COP15 agenda. Of these, the most recognized target is known as the “30 by 30” conservation target (paywall). This name comes from the mandate that by 2030, governments will ensure and enable 30% of the planet is under protection.

This will be accomplished through the creation of protected areas and other known measures for area-based conservation. Currently, approximately 17% of land and roughly 8% of the oceans are protected. Additionally, the deal would roughly double overall financing focused on biodiversity protection to $200 billion a year from all sources.

But, all together, I think businesses can do more. Conservation is a powerful component in maintaining our biodiversity. As of 2019, one study found nearly 30,000 species were at risk of extinction, while another found that nearly 1 million species were at risk of extinction. A healthy planet, one with a fully functioning diverse ecosystem, requires we also determine how to recover those lost species.

It’s important for companies to plan for and align on the need to support biodiversity. Through new technologies, we can improve species resiliency and grow species capacity. Some companies like mine are even working on bringing back species that are needed for health ecosystems. These steps will allow us to create more hospitable spaces for species.

In the next five years, I think we will see scientists actively recovering species and protecting species from diseases, creating more extreme weather-resistant species.

More and more companies are joining in efforts to support the environment. But, other businesses also have the opportunity to get involved with efforts to support biodiversity efforts.

1. Identify your full environmental impact.

First, start with understanding the impacts of your organization on the full environment, not just your carbon emissions. Emissions are one aspect of climate change, but they paint an incomplete picture. I suggest business leaders also undertake a material assessment to understand the material impacts and dependencies of their organizations. Science Based Targets Network offers a guide that companies can utilize.

2. Evaluate business risks and opportunities related to nature and biodiversity.

This evaluation can lead to actions that help businesses understand the loss of biodiversity on your financial and business outcomes. One tool that organizations can utilize is the framework from the Taskforce on Nature-related Financial Disclosures (TNFD), which can be used to evaluate and manage nature-related risks.

3. Set goals and raise awareness around your goals.

Measure and set targets for land use, freshwater use and ecosystem integrity. Again, there are useful tools available for companies attempting to measure and set biodiversity targets. And then, commit publicly to those goals to reduce waste and prioritize the protection of the planet as a core aspect of business. This could include signing corporate pledges.

4. Consider nature-based solutions.

New companies and legacy companies can consider the concept of “nature-based solutions,” which originate with the idea that companies can restore nature, mitigate and adapt to climate change, while also supporting the lifestyles and interests of local people. In doing so businesses can transform to restore and regenerate landscapes.

Stopping climate change and protecting plants and animals are and should be recognized as linked goals. Reducing carbon emissions is vital. Recovering species is too.

This is all possible, but requires technology investment and ideological alignment. Protecting biodiversity is more than just conserving what we have; it’s planning a pathway to a better tomorrow.

Ben Lamm

Source: How Companies Can Help Support Biodiversity

.

Related contents:

“What is biodiversity?” (PDF). United Nations Environment Programme, World Conservation Monitoring Centre.

“Excite News – Hints of life on what was thought to be desolate early Earth”. apnews.excite.com. 23 October 2015. Archived from the original on 23 October 2015. Retrieved 5 September 2022.Dasmann, Raymond F. (1967).

“A Different Kind of Country”. Kirkus Reviews. Retrieved 7 August 2022.Brown, William Y. Brown (9 August 2011).

Conserving Biological Diversity”. Brookings Institution. Retrieved 7 August 2022.Wilson, E. O. (1988).

Biodiversity. National Academy Press. p. vi. doi:10.17226/989. ISBN 978-0-309-03739-6. PMID 25032475Tor-Björn Larsson (2001).

Biodiversity evaluation tools for European forests. Wiley-Blackwell. p. 178. ISBN 978-87-16-16434-6. Retrieved 28 June 2011.Sahney, S.; Benton, M.J.; Ferry, Paul (2010).

Links between global taxonomic diversity, ecological diversity and the expansion of vertebrates on land”.Lefcheck, Jon (20 October 2014).

What is functional diversity, and why do we care?”. sample(ECOLOGY). Retrieved 22 December 2015.

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Why Your Idea of Influencer Marketing Is Outdated

While influencer marketing has become a mainstay for marketers, this doesn’t mean that marketers should start getting comfortable. As social apps start to integrate more creative functions to suit their users’ needs, an increasing number of users have started to become creators in their own right.

Anyone with a smartphone can create content, but those that create unique, high-quality content have risen to join the ranks of top influencers.

However, marketers often only consider partnering with ‘traditional’ influencers — influential tastemakers that usually have a large following. While these individuals may not necessarily create posts of high quality, their ability to leverage their fans makes them attractive to marketers seeking to promote their brand.

While creators can become influential and influencers do often create their own content, they aren’t one and the same. Marketers shouldn’t make the mistake of conflating them. Here’s why:

Influencers and content creators have different impacts on their audiences

Marketers increasingly understand the need to shift from ‘vanity’ metrics such as ‘likes’ towards engagement metrics such as ‘views’ and ‘impressions’. This also means that influencer marketing isn’t used just for the purpose of attracting eyeballs. Brands must engage the individuals that best suit their campaign objectives and KPIs.

For example, a beauty brand looking to raise brand awareness might engage a beauty influencer to create a sponsored post, then track impressions on their posts, or audience growth on their social media.

A YouTuber that uses the same products as part of a morning routine video or beauty challenge, on the other hand, can generate interest in your product that leads to greater click-throughs to your product page.

The main difference is that influencers act as an amplification channel for your content or product, driving awareness through reach, which can generate sales with the right target group.

Content creators, on the other hand, incorporate your product into their own content styles — be it beauty routines, funny challenges, or breathtaking photographs. These creators may not have a large following, but often have loyal audiences that are already interested in the form of content they produce. As such, they score greater points for relatability.

Think of influencer marketing as a form of brand partnership

Gone are the days when influencers are willing to plug your brand or product in exchange for free goods or cash. Influencers now hold greater accountability to their followers, meaning that it is imperative for them to be honest about sponsorships and create more authentic content.

According to Campaign, some factors that determine if a user decides to follow an influencer include how “real” their content is, how well-intentioned their posts are, and whether or not the content or products they endorse are in keeping with their usual style.

This means that influencers are likely to be more selective with the brands that they choose to work with. An influencer such as Liv Lo (@livlogolding), for example, builds her personal brand around her sustainable lifestyle and the use of environmentally-friendly, organic products. Liv Lo features cruelty-free skincare brands on her Instagram page and isn’t shy about criticising brands that aren’t as supportive of environmental initiatives.

Top influencers hold even greater prestige and control. Apart from being awarded ‘verified’ badges on platforms such as YouTube or Instagram that cement their status as top dog, high-profile influencers are being provided exclusive features that allow them to directly drive social commerce.

Last year, Snapchat invited 5 top influencers to gain access to their in-app store function, allowing these influencers to sell their merchandise straight from the app. Instagram’s Creator profile, which was initially beta-tested on a small group of users, now allows influencers and creators to have more flexible profile controls, access to a dashboard of performance metrics, and the ability to create shoppable posts.

Creators are also being recognised for their influence. Events like VidCon celebrate the unique achievements of video creators and educate brands on how they should navigate the changing influencer landscape.

It’s clear that marketers can no longer expect to mould an influencer to their needs. Instead, marketers must learn to accept that influencers and creators are their own mini-brand. A successful partnership, therefore, depends on aligning the needs and values of both parties.

In order to find the right partners, use Meltwater’s Influencer Marketing Software or Klear’s Influencer Discovery Platform. We help you to find influencers based on your audience’s demographic as well as your target market, industry, or topic. Their fans are already familiar with brands in your industry, ensuring that your content effectively targets the right audience.

Just like celebrity endorsements, influencer partnerships work well in the long-term

Influencer marketing should not involve too many one-off partnerships. As consumers seek out relatable, authentic content, “momentary endorsements” become less attractive to most brands and influencers. After all, consumers place less trust in influencers who readily promote a variety of brands.

Marketers should strive to create long-term partnerships with the influencers that they engage. While long-term partnerships generally reflect well on both the brand and its partner, these partnerships also help both parties solidify their fanbase.

Influencers who work with brands on a longer-term basis can leverage a variety of posts that better reflect their relationship with the brand over time. For example, an influencer is likely to attend events hosted by the brand, speak about related social issues, and review the brand’s products. If an influencer praises the brand’s offerings, their fans are more likely to believe them.

Brands that embark on long-term partnerships may also benefit from the influencer’s follower circles. These audiences are likely to relate the influencer with the brand and thus confer a sense of trust towards the products that they endorse. This also means that audiences are likely to feel a greater emotional connection with the brand, leading to more sticky customers.

Content creators, too, are valuable partners. Brands that make creators their partners can turn the artists’ style or content form into a part of their brand identity. This is especially true for organisations that manage recurring events.

Arts House Limited, for example, manages the Aliwal Arts Centre, which organises the annual Aliwal Urban Arts Festival. While the lineup for each year differs, the Urban Arts Festival consistently showcases local street dance crews and musicians. The festival has become synonymous with local street culture, while the Arts Centre has become the go-to venue for local indie dance and theatre shows.

Brands like Arts House Limited show a keen understanding of their own appeal and their audience’s interests. Likewise, brands that seek to effectively engage influencers as long-term partners must create campaigns that appeal to their key audiences.

Meltwater’s Audience Insight reports allow you to understand the communities that drive conversations on your social media channels. Our tool helps you to discover your audience’s consumption habits, analyse shifts in their demographic, and identify key influencers within these groups. You can then use these insights to determine the trends and topics that resonate with your audience.

To move ahead, brands must shake off old conventions

Now that we’ve highlighted the reasons why marketers should understand the value of both traditional influencers and content creators, it’s imperative that they formulate an influencer marketing strategy that includes both facets.

As the social media landscape continues to change and include newer apps, functions, and trends that steal the headlines, social media marketers too must adapt to make sure that they stay ahead of the curve.

By: Violet Zhang

Source: Why Your Idea of Influencer Marketing is Outdated

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Loneliness In Kids Who Learn and Think Differently

Kids who learn and think differently aren’t the only ones who can feel lonely or “apart” from other kids. Most people feel that way at some point.

But research shows that kids who learn and think differently are more likely than their peers to struggle with loneliness. And they often have a harder time dealing with those feelings when they have them. Learn more about loneliness and kids who learn and think differently.

Why kids who are different might feel lonely

Kids who learn and think differently might feel lonely for many reasons. For starters, they’re more likely to be bullied or left out. They can have a hard time making friends or connecting with people. And struggling in school and socially can make kids feel bad about themselves.

They may feel like nobody understands them or their challenges. And they might even withdraw. Kids with certain challenges are most likely to feel left out and isolated. These challenges include trouble with:

The difference between being lonely and being alone

Some people like spending time alone. That goes for kids and adults. As long as they have the ability to make friends and connect with other people when they want to, being alone is a preference, not a problem.

Being unhappy when alone doesn’t necessarily mean someone is lonely, though. Having a hard time entertaining yourself and feeling bored aren’t the same thing as feeling socially isolated.

Also, loneliness isn’t always about being alone. Some kids feel isolated even when they’re with others. They feel like nobody around them shares or understands their challenges. There’s nobody to connect with.

How loneliness can impact kids

When kids go through the occasional lonely spell, it usually doesn’t have a lasting impact. Feeling lonely all the time is different, though. It can affect kids in lots of ways. And it can lead to other difficulties.

Kids who feel lonely might be:

More likely to have low self-esteem. They might feel like others are rejecting them. Kids might lose confidence in themselves and eventually believe they have nothing valuable to offer.

Less likely to take positive risks. Trying new things can build confidence and lead to new interests and skills. But kids who are already feeling rejected and vulnerable may not want to take this leap. They may be afraid to call attention to themselves and risk failing.

More likely to be sad, disconnected, and worried. Kids deal with loneliness in different ways. They may keep their sadness inside and pull away from others. Or they may become angry and act out. The combination of negative emotions and isolation can lead to depression and anxiety.

More likely to engage in risky behaviors. Teens may drink, smoke or vape, use drugs, vandalize property, or do other risky things if they think it will help them feel accepted.

There are many ways to help your child handle feelings of loneliness. First, don’t force your child to become more social or to make lots of friends. Instead, work on building self-esteem. Help your child find interests that lead to meeting new kids who like similar things.

Keep an eye on signs of depression, too. Don’t hesitate to reach out to your health care provider if you have concerns. And if your child has ADHD, read about the connection between ADHD and depression.

By: Kate Kelly

Source: Loneliness in Kids Who Learn and Think Differently | Understood

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Critics by Rachel Ehmke

If your child is struggling to make friends, there are ways to help. First, try to figure out why. Some kids need help with social skills. This is common for kids who are immature or have ADHD, autism or non-verbal learning disorder. Other kids are anxious. They may feel overwhelmed in new social situations or big groups.

Kids who are depressed often want to stay in their rooms. They may interpret things negatively and doubt others want to see them. Finally, some kids may have a hard time fitting in because they have different interests.

If you think your child is lonely, ask them. Start by describing a time when you have felt lonely. If they don’t want to talk, try again in a few days. Don’t push them.

If your child says they are lonely, try to be a good listener. Show that you’re listening by reflecting back what they’re saying: “It sounds like you’re having a hard time.” You can also say supportive things like: “That sounds tough. Would you tell me more about that?”

Once you know more, you can try to help. For kids who need practice with social skills, you can break things down into small steps. Then you can role play them with your child. For kids who have a hard time putting themselves out there, acknowledge how they feel. Then remind them that they’ll probably have a good time once they’ve made the effort. Give them lots of support and praise for doing something tough.

Some kids tend to misunderstand interactions. You can give a reality check: “What makes you think he’s mad? Are there other explanations?” For kids who interpret things negatively a lot, pointing it out each time can help break the pattern.

Finally, help kids find a group or activity that is interesting to them. Many kids find success online, where there are lots of virtual groups for kids with specific interests. Getting excited about something will help them feel more confident, too.

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