Vacation rental sites like Airbnb, VRBO and Homeaway are growing worldwide by leaps and bounds…and it’s starting to make hoteliers a little nervous.
- Airbnb.com could make up over 4% of hotel offerings by 2020. That kind of growth means one thing for hotels – price drops.
- In Paris, some vacation rentals are just as fancy as the five-star hotels, in the same sought-after locations, with some offering maid and concierge services.
- This is forcing hotels to up their game, remodeling rooms and adding amenities. A win for travelers.
- Vacationers should remember that when you stay in a hotel, you’re helping that community by paying room tax. Rentals don’t play by the same rules. With that in mind, here’s a good way to decide if a rental or hotel is the best match for you.