With the average Airbnb nightly rate in the New York borough about $100 less than a typical hotel room, such home-based listings compete with a relatively small percentage of hotels there, according to STR. Specifically, 61% of Airbnb units compete against midscale and economy hotels, which account for just 13% of Manhattan’s hotel-room units, STR found. In addition, the occupancy rate of Airbnb units is substantially lower than Manhattan’s 87% hotel room occupancy. And while Airbnb’s Manhattan units accounted for about 9% of the borough’s approximately 92,000 lodging spaces (including both hotel rooms and Airbnb units), Airbnb accounted for just 3.5% of Manhattan’s lodging revenue for the year that ended Nov. 30. Hotel advocates took issue with the conclusions as well as with STR using data directly from Airbnb for the report. Get the full story at Travel Weekly Read also "STR: Airbnb has no ‘material’ impact on Manhattan’s room demand" and "How Airbnb’s data hid the facts in New York City"