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You would be surprised. I've personally increased lodging days a lot due to AirBnB being cheaper (and subjectively better) than hotels. Also, AirBnB doesn't on
by GFischer 10y ago
You would be surprised. I've personally increased lodging days a lot due to AirBnB being cheaper (and subjectively better) than hotels.
Also, AirBnB doesn't only compete with hotels... a lot of the market share in my country (Uruguay) was actually taken from real estate agencies for short-term vacation rentals, not hotels.
Edit: same in Portugal and Ireland, see https://news.ycombinator.com/item?id=12732874 https://news.ycombinator.com/item?id=12732874
- ghaff 10y ago>Also, AirBnB doesn't only compete with hotels... a lot of the market share in my country (Uruguay) was actually taken from real estate agencies for short-term vacation rentals, not hotels. That's not market elasticity though. That's shifting from one booking agency to another. When my family rented a vacation home we used various small vacation home services. I have no doubt we'd consider using AirBnB today if we still had the place. I don't doubt that lower prices, where they exist, make a difference at the margins. I'm just skeptical that the effect is big. And, as the business traveler that I am most of the time, I mostly want predictability and a 24-hour desk from a hotel.