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Is 2018 the Year of Alternative Hospitality?

Airbnb could accommodate 200 million guest arrivals worldwide this year, a level it's reached without the capital outlays that major hotel chains have found necessary to compete, says DBRS.

By Paul Bubny | Updated on November 15, 2017

Screen capture from Airbnb In its listings, Airbnb signifies operators that are “Business Travel Ready.” (Photo: Airbnb)

NEW YORK CITY—Barring a successful regulatory push to modify its business model, the coming year could see Airbnb accommodating as many guests as some of the best-known hotel brands, DBRS Inc. says in a new report. “While hotel fundamentals are currently healthy and delinquency rates are low, 2018 is looking to be the year of the short-term rental industry,” according to DBRS.

Airbnb—which is only the most familiar of a number of crowd-sourced lodging services—will continue to be bolstered by factors including “celebrity endorsements, a trendy image among Millennials, ease of use and self-entrepreneurial capabilities,” the report states. “Next year will be the year of the alternative hospitality service.”

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