Airbnb hasn’t materially damaged hoteliers yet. But at this pace, it could soon.
That said, there’s a valid debate about whether those customers should be seen as lost business for hoteliers – or lost opportunities.
“We don’t see people saying, ‘I would have stayed for business at the Marriott, but instead I chose a vacation rental,'” says John Banczak, co-founder of TurnKey Vacation Rentals.
“Travelers with families used to skip going to cities like New York, Los Angeles, San Francisco or Chicago because of the high cost of one or more hotel room. Now, they will because they can find a vacation rental home with enough space and home amenities at affordable prices,” Banczak says.