File - Popular sites such as Airbnb allow people to rent rooms or apartments to cut travel costs.
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For others, vacation now means renting someone's apartment, a spare room, maybe just a couch – anything to save on the cost of a hotel.Four Seasons will open a 444-room resort there in August with 68 suites, including a nine-bedroom royal suite sporting a 93-square-meter private terrace with views of the park's nightly fireworks.You get three living rooms and a movie room.The idea is to draw travelers who feel priced out of full-service hotels.The number of listed accommodations has soared since Airbnb's founding in 2008 to 550,000 – not far below Hilton's 685,000 rooms worldwide. Some studies suggest that Airbnb could be cutting into budget hotels' revenue.Robin Lynch, 34, of New York City put 14 relatives, including her in-laws, in five Airbnb facilities in Brooklyn for her wedding last year. She estimates she paid roughly $200 a night, on average, compared with the $300 she'd expected for a hotel.As more modestly rich travelers have checked in, these hotels have sought to provide more for the ultra-wealthy.The hotel first tried to make it but couldn't match the recipe.
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