Florida’s booming tourism industry is the state’s leading industry with an annual economic impact of $86 billion supporting 1.5 million jobs, yet new research from Florida State University reveals wages for hospitality workers have not kept pace with the rising economy. The study, published in the journal Tourism Management, tracked salaries nationwide and found employees […]
Airbnb’s explosive growth jolts hotel industry’s bottom line
Hospitality service Airbnb is fast becoming the 800-pound gorilla that’s shaking up the hotel industry and forever changing it. New research from Florida State University finds Airbnb’s exponential growth worldwide is devouring an increasing share of hotel revenues and also driving down room prices and occupancy rates. “This is the first study confirming the negative […]