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Airbnb cannibalizes budget hotels but amps up demand for rooms

There might be more to the story than just Airbnb taking business away from hotels. A new study found that the home rental platform actually takes the most business away from inexpensive budget hotels while driving up demand for the hospitality industry in general. The study, which was published by Tepper School of Business at Carnegie Mellon, researchers Hui […]

NAR CEO says he’s ‘not terrified’ of Zillow

Real estate tech giant Zillow Group has been known to rattle Realtors on occasion, especially as it expands its iBuyer program, Zillow Offers, in which it buys homes for all-cash directly from consumers over the internet. But the CEO of the nation’s largest real estate trade group says the company doesn’t scare him too much. Source: click […]

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