As Airbnb grows, this is exactly how much it's bringing down hotel prices and occupancy
- Written by Tarik Dogru, Assistant Professor of Hospitality Management, Florida State University
Airbnb is a growing threat to the major hotel chains. Jonathan Weiss/Shutterstock.com
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...
Read more: As Airbnb grows, this is exactly how much it's bringing down hotel prices and occupancy