New York City Hotels Take Revenue Hit, As OTAs And Airbnb Grow class=" image-block-outer-wrapper...
In the News
Hotels and online travel sites battle on discounts
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Online travel agencies like Expedia, Travelocity and Priceline have grown in influence in recent years. For some consumers, they're a key way to discover hotels, and they can help hotels out by removing the burden of managing reservation systems and marketing.
"They do a great job at marketing. Everyone sees the commercials," said Robert Mandelbaum of CBRE Hotels' Americas Research.
