airbnb
The Impact of Airbnb Short-Term Rentals on Rural and Urban Communities
Andrew Brenner | April 25, 2024
By Andrew Brenner In less than two decades, short-term rentals have thoroughly transformed the hospitality industry, wresting 15% market share from hotels. From a feel-good pioneer of the sharing economy to a $100bn behemoth, Airbed and Breakfast, better known as Airbnb, has revolutionized hospitality from its beginnings in 2007 — creating a whole new market in the process. But what happens to a community when Airbnb comes to town? In this second article of our three-part series, we take a deep dive into the impact of STRs, in particular Airbnb, and how communities are reacting. Paris moves to regulate STRs In the beginning, STRs were...
Short-Term Rentals and Lodging News in Lake Tahoe
Katy Black | March 27, 2023
By Katy Black Lake Tahoe’s economy is anchored by the tourism industry, which experienced significant growth post-COVID given its proximity to major cities such as Sacramento, San Francisco, and Reno, as well as the array of outdoor activities. The Lake Tahoe Basin is home to a growing population of year-round residents, and the popularity of second homes and investment properties in the area has resulted in soaring home prices and an affordable housing crisis. To preserve the area's natural beauty, local governments and the Tahoe Regional Planning Agency have implemented strict development and short-term rental restrictions. Despite t...
Hotels vs Airbnb: Winning the Tech Convenience Game
Martin Soler | March 17, 2023
By Martin Soler A while back, I shared a post on LinkedIn where I pointed out that, from a digital guest experience perspective, Airbnb is miles ahead of the hotel industry. I warned that if hotels don't step up their tech game, they might lose customers to Airbnb because, let's face it, the experience is just a lot smoother. That post stirred up some interesting reactions, with people defending their preference for hotels over Airbnb, complaining about Airbnb's cleaning fees, and so on. But it seemed like most folks missed the whole point. It's not about Airbnb vs. hotels or one taking over the other – we've moved beyond that. We al...
Alternative Accommodations Present an Opportunity for Institutional Capital and Traditional Brands to Join the Sector
JLL | June 23, 2022
CHICAGO, June 23, 2022 – What started as a marketplace for individuals to rent out their primary or secondary homes as a means of generating extra income has evolved into a complex, highly matrixed space akin to the traditional lodging industry. The alternative accommodation sector’s evolution intensified during the Covid-19 pandemic as increasing flexibility to work remotely, coupled with a heightened focus on quality of life and the need for social distancing, created strong demand. This paradigm shift has resulted in the alternative accommodations sector’s unprecedented growth over the past two years. “Following Covid, we’v...
Taking Back Market Share From Short-Term Rentals
Larry and Adam Mogelonsky | May 11, 2022
By Larry and Adam Mogelonsky The blinders are on as every hotel looks to cope with a swing back to high occupancies during the upcoming peak summer travel season. But think beyond this travel recovery scenario and you’ll see that the terrain has permanently shifted in favor of short-term rentals as leaders in some markets. We’ve been forecasting for quite some time that Airbnb, Vrbo and the like would come to not only take travelers from hotels but also influence the direction of the entire accommodations industry. Look no further than the gains seen from Airbnb’s earnings report from Q1 2022 released at the beginning of May. This...
People Around the World Are Booking Airbnbs in Ukraine to Help People in Need. Will It Work?
Anit Mukherjee and Alan Gelb | March 10, 2022
By Anit Mukherjee and Alan Gelb Over the past few weeks, thousands of people across the world took to Airbnb to book more than 60,000 nights at properties in Ukraine. Nearly all of these Airbnb would-be-guests weren’t considering wartime vacations, but instead were using the popular accommodation booking service as a cash transfer mechanism. This method of philanthropy appears to have originated and gained steam on social media starting on March 2, 2022 when a Twitter user shared the idea to support Ukrainians by booking rooms on Airbnb as a “way to send immediate monetary assistance to people in hard-hit areas.” In essence, p...
Unintended Consequences: How Chicago’s Airbnb Policies Are Backfiring
Hans Detlefsen | February 14, 2022
By Hans Detlefsen As Airbnb and other short-term-rental platforms have grown during the past decade, regulators and hotel industry associations have fought to limit their impacts. The hotel industry has generally viewed these new platforms as competitive threats. As such, the hotel industry sought to level the playing field by asking municipalities to impose taxes and regulations on short-term rentals that would be comparable to what hotels experience. Overview of Short-Term Rental Policies in Chicago In Chicago, the effort to constrain the short-term rental industry went farther than just leveling the playing field. Airbnb bookings ...
Student Mentoring by Airbnb Hospitality Guru for Top Hospitality Disruptive Idea
Les Roches | March 25, 2021
CRANS-MONTANA, Switzerland, March 25, 2021 -- Les Roches, the highly regarded hospitality business school recently ranked third for Employer Reputation by the QS World University Rankings 2021 is launching the second edition of "The Next Disruptor", a scholarship competition seeking ideas for positive disruption in hospitality, travel, and tourism. With the changing expectations of consumers and technology continuously reshaping the workplace, being connected to the evolving needs of the industry is a key factor for career success. As a business school dedicated to the hospitality industry, doing so right at the start and throughout a ...
1
Technology
2
Appointments/People on the Move
3
Operations
4
Industry Happenings
5
All Things Independent