Airbnb is Not Hurting NYC Hotel Business: 5 Trends That Defined the Week of Feb. 5-11
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A new study declared that Airbnb is not hurting the New York City hotel business, despite recent rumblings. Hospitality research firm STR had access to two years of Airbnb records and found that the leading home-sharing company and traditional hotels were, for the most part, not competing for the same customer. Click for the numbers and further analysis.
Continuing a recent trend of Chinese companies making substantial overseas investments, Hersha Hospitality Trust has revealed plans to sell seven New York City hotels to China-based Cindat Capital Management in a deal worth more than half a billion dollars. A joint venture, Hersha would keep a 30 percent stake while Cindat would possess 70 percent. Click for more details.
BridgeStreet Global Hospitality, a leading “serviced apartment” company has just launched a new brand, dubbed Mode Aparthotel. All accommodations in the new brand will be retrofitted into existing buildings, with the first two locations opening in Washington DC and Paris. BridgeStreet has six different brands that operate more than 50,000 apartments in 60 different countries, which combine the amenities and services of a hotel with full-fledged residences. Click to find out more about Mode Aparthotel.
Images of a worn couch in the common room or the floor might come to mind when one thinks of standard on-campus accommodation for visitors to a college. The truth is, there are some truly luxurious accommodations on or near the campuses of colleges and universities across America. College Rank did painstaking research, and came up with the top 50. Click to check out the list.
There’s a limited time deal being offered in anticipation of Loews Sapphire Falls Resort's grand opening at Universal Orlando this summer. Book a stay for four nights or longer and get a $150 dining credit per room. The resort will have a slew of eating options, plus Universal Orlando’s largest pool and complimentary transport to parks and attractions. Click for more details.
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