The also have what are known as property improvement plans

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cheap jordans online If you purchase a branded or “flagged” property, you will need to comply with the franchise agreement. Most of them nickel and dime you to death. The also have what are known as property improvement plans (PIPs) where they inspect and then tell you what changes they want made to the property within a certain time frame. These could be minor items or a complete $1,000,000 overhaul. I understand there is not much room for negotiation. And if you try to leave the flag or if they kick you out, then there are liquidated damages which may cost $100,000 or more. While it has taken some share, I can assure you hotel owners are certainly not “freaking out”. Hotel RevPar is at the highest level seen, there is still pent up demand for hotels and loyalty members for brands is on the rise. The only area where hotels haves been hit due to Airbnb is in large urban markets where younger people are looking for an experience rather than a clean, simple hotel. Based on current trends, there is more than enough room for both markets. I think Airbnb will always be more of a niche, while hotels will still control the bulk of the share. The reason is that not everyone is okay with sleeping on someones couch or air mattress. I think you bring up some good points. Market probably is key. I am in a large urban market so that’s where my experience with it is. I will say that yes, the hotel owners in LA are “freaking out” because apparently they’ve thrown such a fit about AirBnb that LA County is trying to pass a law now that restricts homeowners to how many nights they can rent out their houses or rooms (or couches or air mattresses) in a single year and only if they meet certain conditions. From everything I’ve heard, this has come out of the hotel owners who have lost so much business around LA because of AirBnB. I’ve never really heard of someone doing AirBnB just for the experience (unless it’s a specific experience based type of rental like a yurt or a treehouse or something), but that’s neither here nor there. To be honest my biggest concern with that property was where the contracts for the extended stay guests was coming from, because, it seemed to be in an out of the way area that didn’t really have much in the way of tourist attractions cheap jordans online.

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