WASHINGTON, DC–If you were to base your opinion on Airbnb solely on the comments hotel executives made about the home-sharing site during their earnings calls, you would think the company was a wash out.

'No, they haven't seen much impact on their business from Airbnb,' they routinely tell analysts during the call. 'Their business guests are loyal.' 'Other hotel companies or other markets may be are feeling the affect but not them.'

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.