Hyatt Hotels has revealed during its second quarter earnings conference call this week that it had taken a $22 million impairment charge related to Oasis, the alternative accommodations investment it made last year.

It described Oasis as having ‘underperformed our expectations’ and has ‘consistently experienced shortfalls in operating cash flow’.

This follows AccorHotels writing off $288 million for its investments in Onefinestay, the luxury homesharing platform, and suggests the hotel industry may need a better strategy for integrating alternative accommodations into their existing business models.

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