Re:Airbnb CEO: NYC hotels will get more expensive after shor...
by stvltvs on Tuesday October 03, 2023 @01:27PM
(#37754925)
> 1. Of course hotels will get more expensive. This is basic supply and demand at work.
Not if the hotels are sitting on off-market inventory. I'm not a hotel general manager, so I assume whatever analysis I would do would be overly simplistic. I just know that hotel rooms often go empty, so AirBnB rooms leaving the market might not affect supply and demand in simple ways.
Not if the hotels are sitting on off-market inventory. I'm not a hotel general manager, so I assume whatever analysis I would do would be overly simplistic. I just know that hotel rooms often go empty, so AirBnB rooms leaving the market might not affect supply and demand in simple ways.