Hospitality exchange network Airbnb, San Francisco, is sometimes viewed as a business adversaryforthe hotel industry. A research paper from Boston University's School of Managementfound a 1% increase in Airbnb listings results in a 0.05% decrease in that market's quarterly hotel revenues. In her recent post "I heart Airbnb," HOTELSMag.com blog-gerYvette Jong, founder and director, Craft House, Hong Kong, wrote Airbnb will not kill the hotel business, but is still worthy of attention. "Airbnb will prove to be a leading source of lodging options and travel services of the future," Jong wrote. "I hope governments will enable Airbnb to operate more freely with-out making them responsibleforthe actions of their hosts."
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