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Airbnb a Threat?

It looks as if Airbnb Inc. – the online service that lets people rent their homes to travelers – may become one of the world's most valuable startups. The company is reportedly in advanced talks with private equity firms to raise funds that would give it overall market value of $10 billion - higher than major hotel brands such as Wyndham Worldwide (US$9.4 billion) or Hyatt (US$8.4 billion). With a strategy to clearly position themselves as a full-blown hospitality brand, such comparisons are both interesting and relevant.

AHLA Reacts To U.S. Court Of Appeals For The Ninth Circuit Upholding Santa Monica Short-Term Rental Law

The American Hotel & Lodging Association (AHLA) issued the following statement today from President and CEO Chip Rogers in response to the ruling by a three-judge panel of the United States Court of Appeals for the Ninth Circuit defeating Airbnb's appeal to Santa Monica's law regulating short-term rentals:"This ruling is a historic victory for major cities across the country that have recently passed short-term rental ordinances.