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As Airbnb grows to 1m rooms, hotels watch

Big chains have yet to act against the potential threat, citing customer loyalty

There is evidence that the greater room supply created by Airbnb has helped restrain prices that traditional hotels can charge in some markets.

New York

BY any measure, Airbnb's growth has been stunning since the company was founded in 2008. It now has more than 1 million rooms available in homes, apartments and even former barns - more places to sleep than hotel giants like Marriott and Hilton.

Despite this growth, though...

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