TIME

AS AIR BNB PRICES RISE, HOTELS ARE HAVING A RENAISSANCE

n the 15 years since its inception, Airbnb has become the travel industry’s bread and butter. But once regarded as the affordable option, Airbnb prices began creeping up as the platform became more popular. Airbnb’s average global price rose from $110 per night in 2020 to $137 in 2021, according to All The Rooms, which catalogs

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