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No 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 Air
by sammoth 10y ago
No 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.