Bloomberg – Bank of America Just Downgraded Hotels Due to Threats Like Airbnb

May 19, 2016
Bank of America analysts just checked out of the hotel industry. In a note published on Thursday, BofAML analysts led by Shaun Kelley cited a raft of pressures on the lodging sector, such as “soft” corporate demand, a glut of brick-and-mortar hotels, and pressure brought to bear by the Internet, including the rise of home-sharing startup Airbnb Inc….
Source: http://www.bloomberg.com/news/articles/2016-05-19/bank-of-america-just-downgraded-hotels-due-to-threats-like-airbnb