# Professor Arun Sundararajan explains the high cost of Airbnbs in Miami

1 Faculty News June 28, 2017 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](https://www.bloomberg.com/news/articles/2017-06-28/the-most-expensive-places-to-stay-bloomberg-index) -- "Miami has the smallest Airbnb-to-hotel price advantage among U.S. cities in the data tallied by Bloomberg. Changes in regulations may contribute to this, according to [Arun Sundararajan](http://www.stern.nyu.edu/faculty/bio/arun-sundararajan), a professor at New York University's Leonard N. Stern School of Business and author of The Sharing Economy. The home and apartment-rental company reached an agreement with the local government in March to collect resort taxes on behalf of hosts in Miami-Dade County."

[Read more](https://www.bloomberg.com/news/articles/2017-06-28/the-most-expensive-places-to-stay-bloomberg-index)