The court of public opinion is a very delicate place, and a company like AirBnB – with all of the unsubtle characters that brought it success – show just how quickly an organization can find itself on the jury’s bad side. AirBnB was founded in 2008, marketed as a discount accommodation service for cash-strapped travellers … Continue reading Why No One is Buying into the AirBnB Pity Party
The housing issue in New York City has never been more dire than it is in 2018, with a vacancy rate of 3.6% according to the New York City Rent Guidelines Board 2018 Housing Supply Report. Rental listing analytics from Reis state that as of Q2 2018, the average asking rent for an apartment … Continue reading Is Airbnb Choking Out New York’s Multifamily Market?
Over the past five years, the mainstream hotel industry has faced a rapidly changing competitive landscape with the rising success of online crowd-sourced lodging services such as Airbnb, VRBO and HomeAway, among others. Staple hotel companies like Hilton, Marriott and Wyndham Worldwide (Wyndham) recognize that they now face a new set of challenges and are … Continue reading How the Airbnb and Hotel Industry War Will Look in 2018