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When deciding where to go on our honeymoon, we’re also faced with choosing between a hotel and a home-sharing option.
The hotel industry has been hit hard by such alternatives as Airbnb and Natural Retreats. According to Quartz, though 2015 was a good year for hotels, Airbnb is making a more noticeable dent in hotel business, making up 5-7 percent of demand in top cities.
Airbnb CEO Brian Chesky doesn’t like to use the term “disruption,” and instead likes to think of Airbnb as complementary to hotels, as it attracts more vacationers than business travelers in search of a room.
– Sarah Funderburk, SPR Atlanta