[BU Today] Choosing between an Airbnb and a Hotel This Summer? Here Are Some Things to Consider
School of Hospitality Administration’s Makarand Mody weighs in on how to decide what’s best for you
It’s official: now that summer is here, travel season has arrived.
According to Statista, the average American takes two to three vacations a year. That adds up to some serious domestic spending: this year, the US travel industry is expected to generate a staggering $2 billion in revenue.
Unless you have friends or family to crash with, there’s a good chance you’re going to need to book a place to stay while you’re away. But what to book?
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To get some answers on what’s going on in the travel world, BU Today spoke to Makarand Mody, an associate professor of hospitality marketing at Boston University’s School of Hospitality Administration, whose research has included the economic impact of Airbnb and why people choose hotels versus homeshares.
Regardless, one thing is for sure: post–COVID-19, “travel has made a crazy fierce comeback,” Mody says. “The demand in general is so strong for travel, and in hospitality more broadly.”