Mariott entering STR market

[Ciarraghe G.]

Just read a Linkedin article on Mariott entering the market to become Airbnb's rival... with Hilton and Hyatt also considering the avenue. 

I have been thinking about STR's and buying more rentals in general but now with that kind of giant buying up condos/SFH/multi's what impact do you think this will have on the rental industry in general (and housing for that matter) and STR- hard for most investors/buyers to compete with something like a hotel chain behemoth when it comes to purchasing power and could drive prices crazy in desirable areas, not to mention the points and perks they can offer for staying on their properties?

[Nancy Bachety]

I think they’ll (Marriott) operate their homes differently than any owner does. I think they’ll charge more too and I think that’ll drive up the prices hosts can charge, as a result. I don’t think they’ll be asking many hosts to let them manage their houses and those that do will pay a high management fee to Marriott. Just my opinion.