How does Airbnb have affected the hotel industry?
This article shows that Airbnb has had a positive effect on consumers and Airbnb hosts, both of which are part of the hotel industry. Hotel revenues would be 1.5 percent higher without the presence of Airbnb although between 42 and 63 percent of these would not have resulted in hotel bookings if Airbnb were not available.
Is Airbnb really a threat to the hotel industry?
While a lot claim that the hotel industry might soon be in a state of shock due to Airbnb while a lot believe that this is only going to strengthen the hotel industry. One thing is for sure that Airbnb is disrupting the hospitality market in a big way. It has been one of the most exciting startups recently.
Is Airbnb killing the hotel business?
Airbnb still isn't a big threat to standard hotels. And given the hotel industry's optimistic future, now is a good time to invest in hotel stocks.
Airbnbs Effect on the Hospitality Industry