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Airbnb has long-term hopes for hotel deal

For many years Airbnb has been considered the biggest threat to the hotel industry, but now the giant of the home-sharing market is looking to become a hotel operator itself.

Airbnb has teamed up with RXR, a property developer, to convert ten floors of a skyscraper in the Rockefeller Centre area of New York into “high-end apartment-style suites”.

The apartments are described by Airbnb as a “new category of urban lodging”, but essentially they are hotel rooms with kitchens and living rooms that can be booked only through the company’s platform.

Click here for the full Times article (£)

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