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So the argument is that since Airbnb makes travel cheaper, it is ruining the cities? Suggesting that hotels were keeping the prices artificially high to limit
by khattam 10y ago
So the argument is that since Airbnb makes travel cheaper, it is ruining the cities?
Suggesting that hotels were keeping the prices artificially high to limit tourists and hence conserve the cities?
Try harder next time.
- emerongi 10y agoThe argument is that there's less hotels (and that nobody has noticed that the demand is higher).
- sammoth 10y agoNo it's not that hotel prices are artificially high, they are priced in a completely separate market to residential properties. If there is no regulation on Airbnb rentals, tourists are now competing more in the residential market. This can obviously have an effect on cities.
- collyw 10y agoI don't see what is artificially high about hotel prices. As someone else pointed out tourist do incur costs, and that can be added to hotel taxes. So Airbnb are both reducing taxes as well as making less accommodation available for residents.