Tarik Dogru

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 […]