9 ms·
how do you know the low rates are not the result of competition from Airbnb ?
by misiti3780 9y ago
how do you know the low rates are not the result of competition from Airbnb ?
- wayn3 9y agopeople who stay in $300+ rooms dont stay in airbnb just because its available. airbnb rooms of comparable luxury are rarely cheaper than hotels.
- lotsofpulp 9y agoI work in the space, and while I can't conclusively state that it isn't, industry reports indicated a downturn in demand or increase in supply mostly towards the end of last year (via reduced occupancy percentages and average daily rate). Airbnb has been around for a while in NYC, and if anything, per news reports, I would expect their listings to actually be fewer or holding steady based on the local governments restrictions. Even if it was increased supply, there seems to be a more sudden drop in average daily rate in the past 6 to 9 months than before.
- madeofpalk 9y agoBecause airbnb has been around and haven't done anything recently that would cause such a dip.