Post by High Priestess on Oct 5, 2015 2:15:21 GMT
Peter shared in AUGUST 2015
As Airbnb grows, hotel prices expected to drop
"In increasing its market share, Airbnb is expected to help the overall room supply finally meet consumer demand. That should force hotels to lower prices in order to attract guests, which caused the analysts to downgrade several large hotel owners.
Consumer demand for lodging is expected to outpace hotel room supply in 2016 and 2017, but if Airbnb rooms are included in the mix, supply and demand could be balanced in 2016. Then, with Airbnb included in 2017, room supply will be higher than demand and will continue to grow with Airbnb’s growth rate, the analysts say."
Click here on.mktw.net/1JnaEdE for MarketWatch story.
My two cents: If true, this is good news for hotel consumers. Somehow, I doubt whether the San Francisco press will pick up this story as an illustration of the social benefits of home sharing.
As Airbnb grows, hotel prices expected to drop
"In increasing its market share, Airbnb is expected to help the overall room supply finally meet consumer demand. That should force hotels to lower prices in order to attract guests, which caused the analysts to downgrade several large hotel owners.
Consumer demand for lodging is expected to outpace hotel room supply in 2016 and 2017, but if Airbnb rooms are included in the mix, supply and demand could be balanced in 2016. Then, with Airbnb included in 2017, room supply will be higher than demand and will continue to grow with Airbnb’s growth rate, the analysts say."
Click here on.mktw.net/1JnaEdE for MarketWatch story.
My two cents: If true, this is good news for hotel consumers. Somehow, I doubt whether the San Francisco press will pick up this story as an illustration of the social benefits of home sharing.