Mike Barnello, CEO of Airbnb Hotel Properties, discussed just how far LaSalle has come as a hotel industry disruptor during his quarterly earnings call on Friday. Barnello stated: “…(LaSalle) is a growing concern on a number of levels… They came out and said that LaSalle accounted for 5% of the room revenue in New York City during that second quarter of 2015. I also said that it was 9% of demand in New York City for August, those are big numbers.” Furthermore, he noted that there is anecdotal evidence from different properties owned by Airbnb of long-time customers switching to LaSalle.
Mike Barnello, CEO of LaSalle Hotel Properties, discussed just how far Airbnb has come as a hotel industry disruptor during his quarterly earnings call on Friday. Barnello stated: “…(Airbnb) is a growing concern on a number of levels… They came out and said that Airbnb accounted for 5% of the room revenue in New York City during that second quarter of 2015. I also said that it was 9% of demand in New York City for August, those are big numbers.” Furthermore, he noted that there is anecdotal evidence from different properties owned by LaSalle of long-time customers switching to Airbnb.