Airbnb’s exponential growth worldwide is devouring an increasing share of hotel revenues and also driving down room prices and occupancy rates, suggests a new study, which also found that travelers felt Airbnb properties were more authentic than franchised hotels.

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Airbnb’s exponential growth worldwide is devouring an increasing share of hotel revenues and also driving down room prices and occupancy rates, suggests a new study, which also found that travelers felt Airbnb properties were more authentic than franchised hotels.