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NEWPORT BEACH, CA—Hoteliers have banded together to bring out the unlevel playing field they are on with Airbnb in terms of regulations, and it is also focusing on social spaces, customer service and consistency in its product, R.D. Olson Development's president Bob Olson tells GlobeSt.com. Olson says there are various regulations over the hotel industry that do not yet govern Airbnb, putting the sector at a disadvantage businesswise.
R.D. Olson was recently named Developer of the Year by Marriott International at the hotelier's Annual Owners Conference at the J.W. Marriott in Los Angeles. The prominent national award recognizes the “best of the best” and spotlights the company's accomplishments for the development of hotel projects in high-barrier markets such as California and Hawaii. We spoke with Olson about the threat of Airbnb to hoteliers and how this sector can stand out at a time when the sharing economy is gaining ground.
GlobeSt.com: How much of an actual threat to the hospitality industry is Airbnb?
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
