{"id":16556,"date":"2019-05-24T02:59:06","date_gmt":"2019-05-24T02:59:06","guid":{"rendered":"https:\/\/www.lifeandnews.com\/articles\/?p=16556"},"modified":"2019-05-25T04:29:32","modified_gmt":"2019-05-25T04:29:32","slug":"as-airbnb-grows-this-is-exactly-how-much-its-bringing-down-hotel-prices-and-occupancy","status":"publish","type":"post","link":"https:\/\/www.lifeandnews.com\/articles\/as-airbnb-grows-this-is-exactly-how-much-its-bringing-down-hotel-prices-and-occupancy\/","title":{"rendered":"As Airbnb grows, this is exactly how much it’s bringing down hotel prices and occupancy"},"content":{"rendered":"

Tarik Dogru<\/a>, Florida State University<\/a><\/em><\/span><\/p>\n

Airbnb has grown exponentially since its founding in 2008 and is expected to soon go public in an initial public offering<\/a> that would rank it among the world\u2019s most valuable hotel companies<\/a>. <\/p>\n

In fact, U.S. consumers spent more money on Airbnb<\/a> last year than they did on Hilton and its subsidiaries, the second-biggest hotel chain in the world, which was founded a century ago. <\/p>\n

As an expert in hospitality management<\/a>, I was curious to know precisely how all this growth has affected the hotel industry \u2013 and just how scared hotels should be.<\/p>\n