Starwood, IHG Execs Worried About Losing Market Share to Airbnb
Skift Take
The claim that Airbnb has taken some demand away from major hotel groups is indisputable, but the significance and depth of its long-term impact on the industry is yet to be determined.
InterContinental Hotels Group and Starwood executives are concerned about losing market share to Airbnb and appear unsure about the peer-to-peer apartment sharing site's long-term impact.
“I think for us to say we’re not concerned or focused on Airbnb, would be very short-sighted,” Simon Turner, president of global development at Starwood Hotels and Resorts, said during a panel discussion at the 36th Annual New York University International Hospitality Industry Investment Conferenc
