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Comment by heisenbit | Hacker News Reader

The US destined travel is down since October and the trend downwards is consistent. Square who should have fairly up-to-date stats recently published their stats: https://medium.com/foursquare-direct/coming-to-america-52831...

At one point these trends will be impacting main street but by then it will be too late.

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It already has in NYC. Look up hotel room rates tonight for Manhattan, they're in the $150s even for full service hotels. In my experience, for a sunny summer Saturday night in Manhattan, a lot of hotels used to have minimum 2 night stay restrictions, and only Sat nights would be $300+ per night. There were tons of more rooms built, but still, demand was not expected to drop this quickly this much.

how do you know the low rates are not the result of competition from Airbnb ?

people who stay in $300+ rooms dont stay in airbnb just because its available.

airbnb rooms of comparable luxury are rarely cheaper than hotels.

I work in the space, and while I can't conclusively state that it isn't, industry reports indicated a downturn in demand or increase in supply mostly towards the end of last year (via reduced occupancy percentages and average daily rate). Airbnb has been around for a while in NYC, and if anything, per news reports, I would expect their listings to actually be fewer or holding steady based on the local governments restrictions. Even if it was increased supply, there seems to be a more sudden drop in average daily rate in the past 6 to 9 months than before.

Because airbnb has been around and haven't done anything recently that would cause such a dip.

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