Tag: Airbnb impact on hotels

Airbnb is revolutionizing the lodging market by keeping hotel rates in check and making additional rooms available in the country’s hottest travel spots during peak periods when hotel rooms often sell out and rates skyrocket, a new study shows. That’s bad news for hotels, which have traditionally earned their biggest margins when rooms were scarce and customers were forced to pay higher rates—such as in Midtown Manhattan on New Year’s Eve. (Forbes)

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