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Thursday evening links, all Airbnb edition – Publications – AEI

Summary:
AEI Thursday evening links, all Airbnb edition 1. How Airbnb went from renting air beds for to a billion hospitality behemoth. Source 2. From the Miami Herald: An ongoing study authored by MIT and Harvard researchers has confirmed what many analysts have been saying for a while now: Airbnb is taking a sliver out of hotel revenues, and travelers are reaping the rewards of lower costs, especially during New Year’s Eve or Art Basel when thousands flock to Miami. For Miami-Dade, competition from Airbnb translated to a 1 percent decrease in hotel revenues per year from 2011-2014. For travelers, that means slightly cheaper rooms and a consumer savings of per night, measured in the difference between what consumers are willing to pay and what they actually pay. 3. 12 High-Quality

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AEI
Thursday evening links, all Airbnb edition

1. How Airbnb went from renting air beds for $10 to a $30 billion hospitality behemoth. Source

2. From the Miami Herald:

An ongoing study authored by MIT and Harvard researchers has confirmed what many analysts have been saying for a while now: Airbnb is taking a sliver out of hotel revenues, and travelers are reaping the rewards of lower costs, especially during New Year’s Eve or Art Basel when thousands flock to Miami.

For Miami-Dade, competition from Airbnb translated to a 1 percent decrease in hotel revenues per year from 2011-2014. For travelers, that means slightly cheaper rooms and a consumer savings of $37 per night, measured in the difference between what consumers are willing to pay and what they actually pay.

3. 12 High-Quality Airbnb Alternatives for Any Budget. Source

4. Airbnb, Niido Open First Branded Apartment Complex in Nashville. Source

5. Airbnb hosts scramble after Chicago sends notices to 2,400, rejecting registrations for short-term rentals. Source

6. Airbnb for Work (business travel) now accounts for 15 percent of bookings. Source

Thursday evening links, all Airbnb edition
Mark Perry

Mark Perry
Mark J. Perry is concurrently a scholar at AEI and a professor of economics and finance at the University of Michigan’s Flint campus. He is best known as the creator and editor of the popular economics blog Carpe Diem. At AEI, Perry writes about economic and financial issues for American.com and the AEIdeas blog.

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