Hospitality Trendz

THE MILLENNIAL HOTELIER RESPONDS The real estate venture Niido Powered by Airbnb will encourage home sharing; however, it will have a direct impact on the hospitality industry moving forward. It is difficult to compete in a shared economy. To illustrate, the first Niido complex is being developed near Walt Disney World, which will create a disadvantage to the hotels in the area. Guests will have other options of accommodations and hotels will see a drop in occupancy. The 324-unit apartment complex will drive travelers to rent these units over booking at hotels. These complexes will also have perks such as being able to check in guests and assist them with anything throughout their stay. If we connect the dots, Airbnb is stepping up with concepts that you see in hotels. Hotels have 24/7 on- site personnel for guests throughout their stay. Airbnb continues to have the major advantage as they will not own any of the Niido properties being developed. Niido will surely have a direct impact on the hospitality industry, but I continue to advocate that Airbnb rentals should not be prohibited. I am a millennial. I believe in technology and I believe in the Airbnb concept; however, I continue to believe Airbnb should play by the same rules and regulations as hoteliers do. hT Miraj Patel President and CEO of Mirage Hospitality FEBRUARY 2018 \ HOSPITALITY TRENDZ \ 43

RkJQdWJsaXNoZXIy Mzg5Nzg1