A recent analysis of Airbnb data by STR found that in one of the busiest metropolitan areas on the planet—Manhattan—Airbnb unit sales do not affect hotel performance. The analysis cites several reasons behind this finding, including that hotel rooms outnumber Airbnb units ten-to-one and Airbnb does not undermine hotel pricing power. Additionally, Airbnb units skew lower in the chain scale than most hotels, as nearly two-thirds of all Airbnb rentals are considered “midscale” or “economy.” To read more of the analysis, click here.
