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It's really odd that hotel prices have not changed that much. Maybe hotels are really for corporate/business stays - and that AirBnB has simply expanded the pe
by edblarney 10y ago
It's really odd that hotel prices have not changed that much.
Maybe hotels are really for corporate/business stays - and that AirBnB has simply expanded the personal travel market.
Like how airlines make 50% of their profit off of business travellers ... Hotels are 1st class, AirBnB is 'coach' (purely from economic perspective, I understand people might value things differently).
Or it could be that the extra safety/quality/taxation requirements of hotels make them uncompetitive vis-a-vis AirBnB.