It is commonly believed that the growth of Airbnb has made a significant negative impact on the hotel business. There are also empirical studies that have documented Airbnb’s negative impacts on hotels.
That makes sense. As a substitute of the traditional lodging products hotel rooms every transaction on Airbnb means a loss of revenue for hotels or online travel agents (OTAs), such as Expedia and Priceline, which also sell hotel rooms. Thus, it is not surprising to see hotels, Airbnb and OTAs are firing up for a new war.
Recommended Posts
