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Supply and demand. Fewer AirBnB's mean more will use hotels who will otherwise use AirBnB, leading to hotels increasing their prices, even though they compete w
by atleastoptimal 3y ago
Supply and demand. Fewer AirBnB's mean more will use hotels who will otherwise use AirBnB, leading to hotels increasing their prices, even though they compete with each other.
- hypeit 3y agoThere's no shortage of hotel inventory in NY. The supply is there. Hotel pricing didn't change at all in NY pre/during/post-Airbnb.
- deleted 3y ago[deleted]
- RC_ITR 3y agoAnd the supply of apartments for living in will go up by exactly the same amount. Supply and demand works in both directions.
- atleastoptimal 3y agoThey're not the same markets so not comparable in that sense. Even if it equalizes eventually, price will increase temporarily.