Airbnb Inc. urges New York City to revise Local Law 18, which has restricted most short-term rental listings since its implementation nearly a year ago. The company argues that the regulation, which requires hosts to be present in the apartment during stays of less than 30 days, the maximum limit of two guests simultaneously, and the licensing of the properties, has failed to address the housing crisis as intended. Instead, Airbnb claims that rents have continued to rise, leaving travelers with fewer options and higher ...