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Airbnb's growth driving down lodging prices, says study

Updated : April 20, 2019 02:39 PM IST

The Florida State University researchers suggest that Airbnb's exponential growth worldwide is devouring an increasing share of hotel revenues and also driving down room prices and occupancy rates.
For the study, published in the journal Tourism Management, the researchers examined the effects of Airbnb in 10 major US cities between 2008 and 2017.
Airbnb's growth driving down lodging prices, says study

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