As Airbnb Grows, This Is Exactly How Much It's Bringing Down Hotel Prices And Occupancy
from The Conversation
Tarik Dogru, Florida State University
Airbnb has grown exponentially since its founding in 2008 and is expected to soon go public in an initial public offering that would rank it among the world’s most valuable hotel companies.
In fact, U.S. consumers spent more money on Airbnb last year than they did on Hilton and its subsidiaries, the second-biggest hotel chain in the world, which was founded a century ago.
Source: http://econintersect.com/pages/contributors/contributor.php?post=201905252315
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