Kayak CEO Explains How Airbnb Combats Hotel Surge Pricing

Sarah Enelow

July 20th, 2016 at 5:30 AM EDT

Photo Credit: Kayak's CEO discusses the rise of Airbnb and its effect on hotel surge pricing. Kayak

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According to Kayak's CEO, Airbnb is preventing traditional hotels from implementing surge prices, and Brexit is impacting tourism far more than recent acts of terrorism.

Airbnb already poses a threat to traditional hotels, due to the startup’s lower prices, wealth of inventory, and unregulated nature, some observers would argue. In an interview with Bloomberg yesterday, Kayak’s CEO Steve Hafner notes that Airbnb is hampering hotels’ tried-and-true method of surge pricing. Ordinarily, a major event like the Olympics in Rio de Janeiro woul

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