Post by High Priestess on Oct 5, 2015 5:07:15 GMT
Peter shared Sept 30 2015
Airbnb Crimps Hotels’ Power on Pricing
"Rare events that draw huge crowds, like Pope Francis' visit to the U.S., usually mean a windfall for hotels that can ratchet up prices to meet booming demand for rooms.
But with Airbnb Inc. posting thousands of listings in cities where the pope appeared last week, hoteliers are seeing less-than-optimal results as many compete head on with home-rental companies."
Click here on.wsj.com/1L2RzMF for WSJ article.
My two cents: Airbnb is minimizing hotels' ability to price gouge? Let us all collectively weep for hotels
Airbnb Crimps Hotels’ Power on Pricing
"Rare events that draw huge crowds, like Pope Francis' visit to the U.S., usually mean a windfall for hotels that can ratchet up prices to meet booming demand for rooms.
But with Airbnb Inc. posting thousands of listings in cities where the pope appeared last week, hoteliers are seeing less-than-optimal results as many compete head on with home-rental companies."
Click here on.wsj.com/1L2RzMF for WSJ article.
My two cents: Airbnb is minimizing hotels' ability to price gouge? Let us all collectively weep for hotels