The growth of Airbnb has made a significant negative impact on hotel business, even though the hotel industry has also been enjoying a steady long-time growth since 2009, as measured in almost all performance indicators including occupancy, average daily rate, revenue per available rooms and number of new hotels open for business.
How big is the short-term residential rental business?
What are OTAs doing in the short-term residential rental market?
What is the current landscape of the short-term residential rental business?
Note: This article was also published at MultiBriefs.com – the leading source for targeted, industry-specific news briefs. The picture was downloaded from PebbleDesign.com.