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'Almost Like A Drug Dealer': Short-Term Rentals Still Weighing Down NYC Hotel Market Despite New Laws
Hotel RevPAR in New York City fell 3.6% between 2018 and 2019.
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Hotel RevPAR in New York City fell 3.6% between 2018 and 2019.
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The experience economy is expected to be worth trillions in the coming years.
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The impact of short-term rentals on the U.S. hotel market is growing each year.
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Like all of hospitality, the Bay Area company has seen demand evaporate. But it also faces its own particular set of tests.
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The "master lease" model of short-term rentals may become a thing of the past after the shock of the pandemic, but an opportunity may remain for survivors.
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Hundreds of short-term rentals have become long-term housing options in the Bay Area since the coronavirus pandemic began.
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Occupancy was down, but not as much as you might have expected
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Whether due to the pandemic or to the limitations of its own business model, Breather is closing all of its 400-plus locations to "be like Airbnb."
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Hotel unicorn Oyo, which had used SoftBank money to expand aggressively before the pandemic, may land another big backer in Microsoft.
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The staffing firm is moving its headquarters from Florida
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