The Manila Times – Shared accommodations ‘pose threat’ to APAC hotels

September 5, 2016
THE rise of shared accommodations in the Asia Pacific region poses a threat to the hotel industry as many tourists prefer Airbnb rentals due to lower rates, according to a report by a global real estate advisor. In a report, CBRE noted that despite the strong number of tourist arrivals into the region, the traditional hotel industry faces new market competition with the rise of shared accommodation platforms such as Airbnb….
Source: http://www.manilatimes.net/shared-accommodations-pose-threat-to-apac-hotels/284176/