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The cost of hotel rooms in New York City has increased by 8.5 percent after the local government turned hotels into shelters to provide temporary housing for so-called asylum seekers, forcing the availability of rooms to decrease and prices to go up. In 2022, New York City signed a $980 million contract with HANYC, the […] ....
How Airbnb and Short-Term Rentals Reshape Rural and Urban Communities hotelnewsresource.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hotelnewsresource.com Daily Mail and Mail on Sunday newspapers.
In less than two decades, short-term rentals have thoroughly transformed the hospitality industry, wresting 15% market share from hotels. From a feel-good pioneer of the sharing economy to a $100bn behemoth, Airbed and Breakfast, better known as Airbnb, has revolutionized hospitality from its beginnings in 2007 creating a whole new market in the process. But what happens to a community when Airbnb comes to town? In this second article of our three-part series, we take a deep dive into the impact of STRs, in particular Airbnb, and how communities are reacting. ....
Airbnb's Unstoppable Travel Takeover Defies Overtourism worldcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldcrunch.com Daily Mail and Mail on Sunday newspapers.
Blinken Turns Up Pressure On Hamas, Paris Potpourri Protests, Neanderthal Woman worldcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldcrunch.com Daily Mail and Mail on Sunday newspapers.