Efforts to collect occupancy taxes on Airbnb lodging listings, designed by public policy makers to regulate the homesharing market, have put individual hosts at a distinct disadvantage compared to commercial listings, rather than leveling the playing field as intended, new research shows.
As the company faces new challenges and recurring political battles, CEO and co-founder Brian Chesky says 2022 is 'back to our roots, back to the basics.'
$401. $456. $548. So it goes for spending an average weeknight in a three-star or higher-rated hotel in downtown San Francisco during the workweek.
Travellers have more choice than ever before thanks to the rise of the ‘sharing economy’. What’s more, this new breed of peer-to-peer network has reshaped the behaviour of travellers forever.
ISHC WorldView revealed that 69% of members surveyed believe the appeal of timeshare is diminishing. With Airbnb.com now allowing hotel listings through 3rd party distribution platforms, it’s clear the sharing economy hasn’t stopped evolving to increase their piece of the pie.
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Total transactions for the UK’s five most prominent sharing economy sectors – collaborative finance, peer-to-peer accommodation, peer-to-peer transportation, on-demand household services and on-demand professional services – could see a 20-fold increase to £140 billion by 2025, up from £7 billion today, according to new analysis by PwC.
Depending on who you speak to in the hotel industry, sharing economy platforms like Airbnb and HomeAway are either a force to be reckoned with or simply niggling at the periphery; a force for good or boosting illegal practices; companies that will change the future face of the lodging industry, or that will quietly disappear when consumer preferences change.