Airbnb is hitting back after the hotel industry touted its lobbying efforts against the online room-sharing service. The company's head of policy, Christopher Lehane, accused hoteliers of price-gouging customers and called their fight against Airbnb a “campaign to punish the middle-class” in a letter Wednesday.
The hotel industry is ramping up its Washington profile as it looks to counter the online home-sharing service, Airbnb. The industry's political action committee, HotelPAC, spent money in 225 congressional races during the 2016 election, a record for the group. During the election cycle, they raised $1.5 million and gave out $1.3 million to congressional candidates, breaking their own fundraising and spending records.
Airbnb founder and CEO Brian Chesky recently discussed the company’s competition with traditional hotels, and its future expansion and IPO plans. Mr Chesky said Airbnb’s competition with traditional hotels is overstated, as it serves a different segment of travelers.
Authorities in Barcelona have announced a ban on new hotels or visitor apartments opening anywhere in that city's center, calling into question the future of its tourism and travel growth. The ban even extends to not replacing any hotels or apartments that close, with the local government calling for a better balance between tourism and the local community.
Airbnb closed a funding round of more than $1 billion, valuing the home-sharing start-up at about $31 billion, according to three people familiar with the company. In December, Bloomberg first reported the company’s plans to increase the funding it was seeking by authorising the sale of an additional $153 million in equity. Investors include Alphabet investment arm CapitalG and Technology Crossover Ventures.
The American Hotel and Lodging Association has released a new report that examines the rise of commercial activity taking place on Airbnb nationwide, and the study reveals that Airbnb’s business is moving even further away from true home sharing.
Trips opens up concept of hosting, empowering people to share their interests, hobbies and passions.
Concur data shows a 44 percent user growth YOY in Q2, with increased adoption by small and midsized companies, education and technology sectors.
Carnival Corporation incentivises AirBnB hosts.
Study reveals the consumer preferences behind Airbnb growth and details the personas and different expectations of guests who stay at each type of property.