[New York Times] Will Hotels Finally Beat Rentals in the Lodging Tug of War?
In cities from New York to Vienna, new short-term-rental restrictions — designed to improve housing availability for residents — are poised to boost the bottom lines at hotels. In New York in November, shortly after Airbnb and the like were limited to stays of 30 days or longer, hotel occupancy was up 6 percent and rates were up 8 percent, according to the commercial real estate firm CoStar.
Makarand Mody, an associate professor of hospitality marketing at Boston University School of Hospitality Administration, noted that “certain travelers appreciate the service of hotels, which is where they outshine rentals.”