The local housing market and hospitality industry have always felt threatened by Airbnb and rightfully so.ĭue to Airbnb, the hotel industry loses approximately $450 million worth of direct revenues annually. Since its launch in 2008, Airbnb has seen huge advancements, with Airbnb listings in over 220 countries and regions.ĭespite such a vast presence, Airbnb often finds itself at odds with the markets it enters. Airbnb’s Effect on The Local Hospitality and Housing Market
What do they think of Airbnb, and how does it fit into their future plans for rentals and real estate business. What about the hosts – property owners, real estate investors, and the people who already own or plan to purchase rental properties in the future. Vacation rental property platforms like Airbnb become even more relevant when you consider the nomad lifestyle.Īfter all, a huge selection of safe and vetted places to crash at after constantly being on the road sounds like quite the catch – especially if we consider the often close proximity to the locals, something that most legacy hotels do not provide.īut that’s all from a traveler’s point of view.
Probably, images of happy vacations, beautiful condos, life on the road, or maybe even your very own last Airbnb experience. What comes to mind when you think about Airbnb?
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