Depending on the city it does, but many of those cities are quickly trying to shut it down. Hotels and other officially sanctioned places of lodging aren't too jazzed on the idea of unregulated (and thus untaxed) competitors.
An example, New York City has banned rentals for less than 30 days. Enforcement is another issue though, so I guess we'll have to wait until May when the law goes into effect to see what happens.
An example, New York City has banned rentals for less than 30 days. Enforcement is another issue though, so I guess we'll have to wait until May when the law goes into effect to see what happens.
http://travel.usatoday.com/destinations/dispatches/post/2010...