By Natalie Mortimer

Travel company Expedia has downplayed the threat from Airbnb saying that the ramifications of the room-renting behemoth have been “immaterial at this point”.

Speaking on an earnings call earlier this week Expedia president and CEO Dara Khosrowshahi told investors that Airbnb has had no effect on the business given it’s appeal to a different share in the market.

“We don’t see it in the business, it is not affecting us directly at all,” he said. “If anything we think that Airbnb may be getting a new class of consumer into travel. It is typically a lower price point, it appeals to Read full story ›

Source: The Drum