Industry Update
External Article25 April 2014

Airbnb versus hotels - Room for all, for now

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economist.com

EVEN as they lobby regulators to crack down on residential sharing services, hoteliers play down the threat such companies pose to their industry. The top brass at the Marriott, Four Seasons and Hilton chains have all said that these firms do not compete for their core market of accommodating high-end and business travellers; a vice-president of The Ritz-Carlton group recently claimed she had not even heard of Airbnb. And Airbnb itself agrees, arguing that it does not displace existing lodging but is creating new demand. “I’m optimistic that there isn’t going to be a war” with hotels, Brian Chesky, its boss, said in January.

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