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The ripple effect of Airbnb

President of the Jamaica Hotel and Tourist Association (JHTA), Nicola Madden-Greig, has called on members of the country's accommodations sector to be mindful of the rise of Airbnb Inc, as more Jamaicans continue to list their personal homes as vacation rental options with that company.

Madden-Greig made her comments during the opening of the Jamaica Product Exchange (JAPEX) trade show at the Montego Bay Convention Centre last Friday. Citing statistics released by the Caribbean Hotel and Tourist Association (CHTA), she said more than 40 million guests stayed in Airbnb accommodations in 2015, up from 20 million in 2014.

"When it comes to total number of rooms for rent, Airbnb dwarfs the world's biggest hotel chains ... Airbnb represents more than two million rooms for rent, compared to Mariott with 1,112,613 rooms, including Starwood, Hilton worldwide with 745,074 and Intercontinental with 726,876," she said ... read more

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