More and More People Who Use Airbnb Don’t Want to Go Back to Hotels

In the past eight years, Airbnb has become a major force in the vacation rental industry, changing the way people think about lodging. In a new survey, Goldman Sachs Group Inc. found that guests who use Airbnb are 50% less likely to choose to stay in traditional hotels.

“‘We find it interesting that people ‘do a 180’ in their preferences once they use P2P [peer-to-peer] lodging. They move directly from preferring traditional hotels to preferring P2P accommodations.’”

The study also illustrates how P2P lodging has become more common and popular among a variety of groups, demonstrating how rapidly the industry is growing and how it is unlikely to go away anytime soon.

Source: Bloomberg – Goldman Sachs: More and More People Who Use Airbnb Don’t Want to Go Back to Hotels

Print Friendly, PDF & Email

RELATED CONTENT

TurnKey Vacation Rentals’ 2018 Ski Report

4 Min Read November 26, 2018

5 Ways to Make More Money from Your Vacation Rental

6 Min Read August 24, 2017

Benefits of Using an Owner Service Provider

4 Min Read March 15, 2016
TurnKey Blog