New York Hotels Go on Offensive Against Airbnb Rentals
- Eight percent of rooms rented in New York are Airbnb locations
- Hotel group puts city's economic losses at $2.1 billion.
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Airbnb Inc.’s room-for-rent business model is hurting New York’s hotel industry.
While individual hotel chains have been dismissive of the San Francisco-based startup, the organization that represents them is going on the offensive with its first-ever public disclosure of Airbnb’s impact on the lodging industry in one of its biggest urban markets.