Business Insider – These are the 2 most ominous threats facing hotels, according to the CEO of a trendy chain

August 26, 2016
The hotel industry is undergoing a sea change. In April, shareholders voted to approve a deal for Marriott International to pay about $12.4 billion to acquire Starwood Hotels, effectively creating the biggest hotel company in the world. Traditional hotel groups are coming up with new strategies to combat the rise of new travel technologies and alternative accommodations. And according to Amar Lalvani, CEO and managing partner of Standard International, those new technologies are what’s driving some of the biggest changes in the industry today. “At the very minimum, it’s creating a supply problem,” Lalvani told Business Insider of alternative accommodations like Airbnb. “But for now, we think the consumer still thinks of hotels first. Once this new generation thinks of Airbnb first, then hotels, then the industry will have a bigger problem.”…
Source: http://www.businessinsider.com/two-biggest-problems-facing-hotels-2016-8