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The fact that they can get a better deal on AirBnB reveals that the market is not as supply-constrained as the hotels would like us to believe.
by mullingitover 13y ago
The fact that they can get a better deal on AirBnB reveals that the market is not as supply-constrained as the hotels would like us to believe.
- te_chris 13y agoA better deal for an unlicensed premises.
- scott_s 13y agoExcept that that is adding supply that didn't exist before - before AirBnB was popular, there was no reliable way to exploit it. And while AirBnB is competition, it's not the same thing as a hotel room. My point is that I don't think there's anything nefarious going on. Demand is high, so the hotels raise their rates. And the high demand is predictable because it's due to a scheduled event. Presumably, the existence of AirBnB will cause the rates to go down somewhat.