Airbnb Moves into the Hotel Business

New York City's Upper West Side Brownstone Hotel Now Available for Airbnb Guests

Member-Based Rental Company Expands Offerings to Include Traditional Hotel Stays

In a move that signals Airbnb's growing presence in the hospitality industry, the company has begun offering traditional hotel stays at the Brownstone Hotel on New York City's Upper West Side. The 3-star hotel, located just a 10-minute drive from Times Square, is now available to book for Airbnb members.

The Brownstone Hotel is Airbnb's first foray into the hotel market. The company has historically focused on short-term rentals of apartments and houses. However, Airbnb has been expanding its offerings in recent years to include more traditional hotel-like accommodations, such as private rooms and shared spaces.

The move into the hotel market is likely to further fuel competition in the hospitality industry. Airbnb has already disrupted the traditional hotel market by offering guests more affordable and flexible accommodations. The company's expansion into the hotel market could further increase competition and put pressure on traditional hotels to adapt.