However the shared accommodation trend poses challenges that are prompting operators to review operational models according to the new CBRE Research Hotel Megatrends report.
Airbnb users spent $2.4 billion on lodging in the U.S. over past year
More than 55% of that $2.4 billion was spent in five U.S. cities: New York, Los Angeles, San Francisco, Miami, and Boston according to a from CBRE Hotels’ Americas Research.
Akshay Kulkarni appointed Director, CBRE Hotels Asia
Kulkarni held a senior role in Cushman & Wakefield’s hospitality team for the past eight years prior to recently joining CBRE.