Financial services firm PiperJaffray argues that Airbnb would not be adept at selling hotel rooms over the next five years, likely won’t pursue it heavily, and therefore will not have a significant adverse impact on online travel agencies’ room-night bookings. In addition, hotel expansion isn’t part of Airbnb’s core strategy as it focuses instead on expansion in China, business travel and vacation rentals, the report states. The PiperJaffray report, “Airbnb Becoming a Powerful Force in Travel, But Impact to OTAs Minimal” forecasts that while Airbnb will make share gains in vacation rentals, supplementing its foothold in urban, shared-space dwellings, and will expand the travel market with its apartment inventory, but its adverse impact on the hotel bookings of online travel agencies such as Expedia and Priceline will be merely 5.3 percent in the 2016 to 2020 period. Get the full story at Skift