April 28, 2016
“Industry disruptors” such as Airbnb are cited in Colliers International’s 2016 Canadian Hotel Investment Report as one of five key themes driving the Canadian hotel market in 2015 and beyond. The report said it is “yet to be determined” what long-term impact the likes of Airbnb will have on traditional hotel performance. Owners in secondary and tertiary markets may face less of a threat. The main issue for established industry players is they have little data regarding the current strength and growth rates of the online accommodation sites. “They don’t publish anything so you are not able to properly track what kind of impact they are having on the industry,” McLuskie said….
Source: http://renx.ca/hotel-consolidation-seen-key-battling-airbnb/
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