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by PumpkinSpice
986 days ago
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They weren't more expensive before Airbnb. If they do get more expensive now, that'd be Airbnb's doing, in the sense that they might have forced hotels to reduce capacity to offset the traffic diverted to Airbnb. But honestly, I'm skeptical. You have something like 60+ million people visiting NYC every year. Airbnb's inventory was tiny in comparison to that. Also, tourism absolutely cratered during COVID and hasn't fully rebound yet, so there's likely plenty of spare capacity. |
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