People party on a rooftop in Kips Bay as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 1, 2020 in New York City.

Noam Galai | Getty Images

Airbnb announced Thursday a global ban on all parties and events at its listings for health reasons. 

The home-sharing platform, which made the announcement in a blog post Thursday, said it would also introduce an property occupancy cap of 16 people. 

“Instituting a global ban on parties and events is in the best interest of public health,” the company said in the post. 

The ban applies to all future bookings on Airbnb and will remain in effect until further notice. 

The announcement comes a day after Airbnb said it had submitted a draft registration to the Securities and Exchange Commission for an initial public offering.