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New York hotels go on offensive against Airbnb rentals

They also cite estimated loss of US$88.9m in hotel food spending and US$1b in construction activity

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Airbnb challenges hotels to disclose the per cent of their profits that stay in New York City and the per cent they send to corporate headquarters outside of New York, and, even, outside of the US.

San Francisco

AIRBNB Inc's room-for-rent business model is hurting New York's hotel industry.

While individual hotel chains have been dismissive of the San Francisco-based startup, the organisation that represents them is going on the offensive with its first-ever public disclosure