A great deal of what we read nowadays is predicting how the travel market will change and how hoteliers need to pre-emptively adapt in order to compete.
As the hotel industry learns to streamline costs and position itself to be more competitive against entities like Airbnb, many of the world's leading hotel owners have taken to combining multiple concepts under one roof in a trend known as dual-brand hotels.
A new bill is being considered in New York to create exceptions in New York state’s housing laws for the establishment of more Airbnb rentals. A Brooklyn state legislator is behind the bill, which seeks to amend the state’s multiple-dwelling law, which currently prohibits rentals for less than 30 days in New York City apartments unless the owner is present for the duration of the rental.
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.