Bank of America | Merrill Lynch
Deep dive into Airbnb
Airbnb 1) is a small but material amount of hotel industry supply and demand 2) is growing rapidly, 3) has more listings internationally than domestically, 4) overindexes to top 10 and 25 hotel markets, in terms of both supply and demand, and 5) has higher average rates than the U.S. hotel industry as a whole.
