Research by Institute Fellows Recognized in The Economist
Research by Institute Fellows Giorgos Zervas and John Byers, and their student Davide Proserpio was mentioned in The Economist.
A team at Boston University examined hotel revenues in Texas, where Airbnb has grown much faster in some cities (like quirky, left-wing Austin) than others (like Fort Worth, more of a cowboy town). They could not find a significant influence from Airbnb on business and luxury hotels. But in places where it has established a presence, it cut the revenues of budget hotels by 5% in the two years to December 2013.