Moderator Paul Alik Macpherson, executive VP of global business and real estate development for Kerzner International, said Airbnb is gaining momentum, with its revenues of $900 million expected to grow 10 times by 2020. “They’re an extremely serious competitor,” said Michael Issenberg, chairman and CEO for AccorHotels Asia/Pacific. “We have 300 hotels in greater Paris. There’s no question they’re having big impact there. “It is real supply coming into the (global hotel) market,” he added. “That is going to be competition for us. There’s no doubt.” The biggest impact is on the economy sector, Issenberg said, but that will change sooner rather than later. Get the full story at Hotel News Now