People renting out their homes and apartments, in many cases unlawfully, is an existential threat to hotels?
How many rooms does Marriott have in, say, SF, versus how many rooms AirBNB is currently floating?
And if hotels start closing down, then people start complaining about problems when staying at strangers houses, leading to regulation of offering places for short-term stays (wait, that already exists, AirBNBers just ignore it)... don't we end up in the same place?
Eventually someone will buy an old Marriott hotel (after they cease to exist) and put all that inventory on Marriott.
People renting out their homes and apartments, in many cases unlawfully, is an existential threat to hotels?
How many rooms does Marriott have in, say, SF, versus how many rooms AirBNB is currently floating?
And if hotels start closing down, then people start complaining about problems when staying at strangers houses, leading to regulation of offering places for short-term stays (wait, that already exists, AirBNBers just ignore it)... don't we end up in the same place?
Eventually someone will buy an old Marriott hotel (after they cease to exist) and put all that inventory on Marriott.