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Airbnb CEO: NYC hotels will get more expensive after short-term rental crackdown

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Re: Airbnb CEO: NYC hotels will get more expensive after short-term rental crackdown

#11

Post by blockwriter »

hypeit wrote: post #3

I seriously doubt hotels will get more expensive as they still have to compete with each other. I would say Airbnb has never had any influence on hotel pricing in NYC. That being said, I tried Airbnb in NY a few times and it was absolutely disgusting. In most places Airbnbs will be a bit dirtier than a hotel but in NY it wasn't even close. Rats, cockroaches, showers that don't drain, grime everywhere... After a few e…

I have the same negative perception of AirBnBs in New York. I think the city also encourages hustler types, or people that are plugged in with local polls, who get away with everything they can.

Re: Airbnb CEO: NYC hotels will get more expensive after short-term rental crackdown

#12

Post by nolok »

hypeit wrote: post #3

I seriously doubt hotels will get more expensive as they still have to compete with each other. I would say Airbnb has never had any influence on hotel pricing in NYC. That being said, I tried Airbnb in NY a few times and it was absolutely disgusting. In most places Airbnbs will be a bit dirtier than a hotel but in NY it wasn't even close. Rats, cockroaches, showers that don't drain, grime everywhere... After a few e…

Agreed, as someone who needs to travel a lot worlwide, in cities where the hotel business is very active airbnb is systematically terrible. It might be cheaper, but you will wish you spent the extra bucks.

Re: Airbnb CEO: NYC hotels will get more expensive after short-term rental crackdown

#13

Post by RC_ITR »

atleastoptimal wrote: post #9
hypeit wrote: post #3

I seriously doubt hotels will get more expensive as they still have to compete with each other. I would say Airbnb has never had any influence on hotel pricing in NYC. That being said, I tried Airbnb in NY a few times and it was absolutely disgusting. In most places Airbnbs will be a bit dirtier than a hotel but in NY it wasn't even close. Rats, cockroaches, showers that don't drain, grime everywhere... After a few e…

Supply and demand. Fewer AirBnB's mean more will use hotels who will otherwise use AirBnB, leading to hotels increasing their prices, even though they compete with each other.

And the supply of apartments for living in will go up by exactly the same amount.

Supply and demand works in both directions.

Re: Airbnb CEO: NYC hotels will get more expensive after short-term rental crackdown

#14

Post by chollida1 »

Well AirBnb banning in New York is alot different than in other cities just by virtue of the type of accommodations that are available in New York.

If you ask most people why they airbnb over hotels they say its because I can take my family or group of friends to an airbnb, where as in a hotel we'd need to get 4-5 rooms.

In most other cities you can trivially find 5 bedroom places that fit that bill. In New York I'm not sure you can find alot of 5 or 6 bedroom places, especially in Manhattan.

So airbnb's main draw for most people just isn't available in New York in a way that it would be in most other large cities.

Which means you'd expect alot less people to use airbnb over a hotel in New York.

Re: Airbnb CEO: NYC hotels will get more expensive after short-term rental crackdown

#16

Post by hypeit »

atleastoptimal wrote: post #9
hypeit wrote: post #3

I seriously doubt hotels will get more expensive as they still have to compete with each other. I would say Airbnb has never had any influence on hotel pricing in NYC. That being said, I tried Airbnb in NY a few times and it was absolutely disgusting. In most places Airbnbs will be a bit dirtier than a hotel but in NY it wasn't even close. Rats, cockroaches, showers that don't drain, grime everywhere... After a few e…

Supply and demand. Fewer AirBnB's mean more will use hotels who will otherwise use AirBnB, leading to hotels increasing their prices, even though they compete with each other.

There's no shortage of hotel inventory in NY. The supply is there. Hotel pricing didn't change at all in NY pre/during/post-Airbnb.

Re: Airbnb CEO: NYC hotels will get more expensive after short-term rental crackdown

#19

Post by jddj »

RC_ITR wrote: post #10

Yeah and on the flipside the price of rent will go down. A weird quirk of America is that we are so obsessed with tourism that we are willing to sacrifice quality of life for people who live in one place, for the benefit of a bunch of people who visit for 3-4 days. This is the peak of that thinking.

You'll be pleased to know that isn't an exclusively or even particularly American trait
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