Now, a growing number of restaurants are looking to build on that set-up by formally getting involved in the coworking scene. Like traditional coworking spaces, restaurant workspaces are outfitted with the essentials – power outlets, high-speed internet, and bottomless tea and coffee.
In a game-changing move to better compete against Booking.com, Airbnb is eliminating guest fees for many property managers and hotels that sign up for its service beginning June 4, Skift has learned.
Airbnb has crossed one million listings across Asia-Pacific, and more than 100 million guests have checked into an Airbnb in the region, providing hosts with earnings of around $10 billion. Yet it is "still early days" of growth, said Siew Kum Hong, regional director of Airbnb Asia-Pacific, in a session at Skift Forum Asia on Monday in Singapore.
Accor has been fairly quiet over the last couple of months on the acquisition front but it looks like another deal is in the offing with reports in India suggesting the French company is keen on investing in Indian budget hotel brand Treebo.
Skift Research launched its first market-size estimate report on the U.S. passenger airline sector in January 2019. In this report, we continue our effort of sizing up the travel industry by focusing on the accommodation sector.
Colin Nagy, head of strategy at FFNY, a global advertising agency, writes this opinion column for Skift on hospitality, innovation, and business travel. "On Experience" dissects customer-centric experiences and innovation across hospitality, aviation, and beyond. You can read all of his columns here.
Following news earlier this week that Marriott International, the world's largest hotel company, plans to officially launch a homesharing platform next week, fellow hotel companies have been asked if they would consider the same.
Fast-growing Oyo Hotels & Homes is furthering its global expansion plans with the acquisition of Amsterdam-based vacation rental company @Leisure Group for $415 million (€369.5 million).
Wyndham Hotels has finalized its integration of La Quinta, and the company says everything is going smoothly — so much so that it may be on the hunt for more brands.
Airbnb is leading a $160 million funding round for Lyric, a San Francisco-based company that manages multifamily apartment complexes and rents out those units on platforms that include Airbnb, HomeAway, and Booking.com, among others.
For the ever-growing waterpark industry, 2019 will be another year for robust growth as over $1 billion in investment is slated for indoor and outdoor waterparks and their related resorts. We project 21 municipal and private outdoor waterparks will open and three resorts will add or expand outdoor waterparks. The indoor segment will total 629,200 square feet of new waterpark space in 12 properties.
There was never a guarantee that Airbnb would remain what it once was, but its transformation has made it less and less clear what the company itself wants to be.
"READ MY LIPS: We want to pay taxes," Chris Lehane, Airbnb's global head of public policy, told the nation's mayors in 2016. In the years since, the home-sharing site has repeated the declaration in press releases, op-eds, emails, and on billboards. On its website, Airbnb says it is "democratizing revenue by generating tens of millions of new tax dollars for governments all over the world."
When it comes to Airbnb's more than $400 million acquisition of HotelTonight, Booking Holdings CEO Glenn Fogel said it was hardly a secret that Airbnb would be expanding its hotel business since it already "brought on boutique hotels."
From the outside, there was nothing especially notable about the small white building on the corner of a cobblestone street in TriBeCa. But until recently, it was a crucial location in a sprawling empire.
In the past three years, the hospitality industry has — slowly but surely — seen more traditional hotel companies begin to embrace homesharing, with companies like Accor, Marriott, and Hyatt testing it out and investing in it in various ways.
A year after fretting publicly about declining travel demand, especially among foreigners coming to the United States, U.S. travel promotion officials now admit 2018 saw surprising growth in demand..
December RevPAR increased 1.9%, driven by ADR growth of 1.8%. And yes, it is December and a slow month anyway, but tepid ADR growth is likely and unfortunately a sign of things to come.
The U.S. travel market is projected to grow a healthy 5% in 2018, benefiting from positive economic performance, particularly in the first three quarters of the year. According to new travel research from Phocuswright, annual gains are expected to remain steady in 2019, before declining slowly through 2022. By then, total gross bookings will have increased to $441 billion. Despite ongoing political turmoil and a contentious midterm election, consumer confidence and spending remained high.
After Singapore's residential and office markets made comebacks, the next property sector to bet on might just be its hotels.