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
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 of Airbnb's impact on the lodging industry in one of its biggest urban markets.
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