Airbnb Isn’t Really Impacting the Hotel Market

Airbnb Shaddow Supply panel at ALIS

LOS ANGELES—Hoteliers aren’t worried about peer-to-peer accommodations platforms, like Airbnb.com. Experts on the Airbnb’s Shadow Supply and How It Affects Investors panel at ALIS this week said that they were not concerned about competition from Airbnb, citing all-time high occupancy rates and RevPAR growth as evidence that the Airbnb supply has had minimal impact on the hotel market. Jamie Lane, senior economist at CBRE Hotels Research, moderated the panel of speakers Jason Fudin, director of strategic projects at Vornado Realty; Brenna Halliday, VP of strategic Analysis at Host Hotels & Resorts; Candace C. Johnson, VP of performance optimization at Two Roads Hospitality; and Scott Shatford, CEO of AirDNA.

“I think [the concern about Airbnb] is overblown, but it is hard to get our arms around the industry. We think Airbnb has a minimal impact on our portfolio,” said Halliday on the panel. “As we look at the locations of our hotels, we are comfortable knowing that we are staying in irreplaceable locations.” She added that the firm was encouraged by the recent inauguration, where the company performed very well alongside platforms like Airbnb.