January 22, 2016
Airbnb has traditionally downplayed its competition with the traditional hotel industry. That’s because Airbnb is usually positioned as a lodging alternative for leisure travelers, while core hotel consumers tend to be businesspeople. Even as Airbnb’s listings have topped 2 million, and its valuation $24 billion, hotel stalwarts have clung to the notion that on the most fundamental level, their businesses don’t compete. But lately that notion is getting much tougher to maintain….
Source: http://qz.com/600847/airbnb-is-going-after-the-heart-of-the-hotel-business/
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