April 18, 2016
Big Apple hotels — the most expensive in the country — are feeling the hurt from Airbnb. It’s now cheaper to book a hotel room here than it was this time last year, despite government agencies’ efforts to regulate the San Francisco-based company. The average New York City hotel room rate declined in 2015 by 1.7 percent, to $266, the first such drop since 2009, according to hotel-data tracker STR, despite a record number of tourists flocking to New York….
Source: http://nypost.com/2016/04/18/airbnbs-cheap-rates-hurt-big-apple-hotels-big-time/
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