How hoteliers should rethink the threat posed by short term rentals
🏨 Short-term rentals and hotels coexist since Airbnb's 2008 launch. In April 2024, short-term rental supply in North American spring break destinations surged before dropping as demand ebbed. In Istanbul, 2024 regulations cut supply by 38%, with 82.29% of rentals owned by multi-property owners by January 2025. Mexico City has 57% "hotel-like" rentals, compared to New York City's stricter enforcement. Hoteliers can differentiate by emphasizing amenities such as gyms and safety features, which short-term rentals often lack.
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