This report focuses on the current issues in the hospitality industry. In this topic, we study Airbnb, a sharing economy pioneer offering short-term accommodation and we are going to discuss how Airbnb is affecting the current hospitality industry. Collating data from Airbnb and the various hotel industry, we estimated the impact of Airbnb’s entry into the current market on various hotel room revenue, and found out the market response of the various hotels. Collating data from Airbnb and the various hotel industry, we identify what causes Airbnb’s impact on the hotel room revenue, we use a methodology strategy that derive benefit from the belonging of space and time variations patterns of Airbnb across city-level markets. We estimate
In the article “How Airbnb Short-Term Rentals Exacerbate Los Angeles’s Affordable Housing Crisis”, Dayne Lee argues, “unions and hotels complain that Airbnb unfairly competes with skirting public health regulations, and undercutting unionized hotel workers by connecting its hosts with independently contracted cleaners.”
Airbnb is a short-term leasing and renting company which turns residential houses into tourist marketplace. Critics believe that this company is running illegal hotels that are against the health and safety regulations. Therefore, in the last year Airbnb was banned in certain areas and cities.
irbnb is a marketplace for renting out places to stay such as apartment beds, vacation rentals, hotel rooms, etc. The headquarters are in California and was founded by three white, American men that are now worth 3.8 billion each (Wikipedia). No wonder there were allegations of not being friendly to other ethnicities in their current investment of Airbnb. Thankfully these men have set an agreement, in October 2016, to test host of the app, people who leaned their homes or vacation homes, for racial discrimination.
Airbnb is a short-term accommodation leasing and renting company which turns residential houses into tourist marketplace. Critics believe that this company is running illegal hotels that are against the health and safety regulations. Therefore, last year Airbnb was banned in certain areas and cities.
To launch our business we will be partnering with Airbnb, airports, hotels, and businesses. Partnering with Airbnb will allow us to accommodate customers who are looking for a car while they are staying at their Airbnb. Knowing a car will be handy for them to use at their selected destination will allow customers to choose and pick the best place for them to stay and it can all be done easily together when partnering with Airbnb. Partnering with airports will be another way to cater to customers needs. Having airports designate a select area for RIGHTRIDE’S cars will allow traveling customers to know that they will have a car to use while they are in whichever state they are traveling to. Hotels is also another partner that can help our product
It is the largest peer-to-peer hospitality organization in the world and its net worth is over ten billion dollars. From 2012 to 2013 it has doubled its revenue from 250 million to 500 million and did it as well for the year 2014. It has listed over a million lodging opportunities in over 192 countries. Even though AirBnb is privately owned, it has exceeded the value of most global hotel-chains, Hyatt as an example. The biggest question at the moment is how would AirBnb influence the revenue and profitability of the Hotel
Tracey Lien is a contact reporter from Los Angeles Times, in where she wrote an article titled Think you have too many roommate’s? about co-living being a lifestyle option for many young people in this era, ranging from their mid-20’s and mid-30’s. The reason why many people opt for this option is because financially, people find it hard to solvent and buy their own home in locations such as; New York and Southern California due to the major reason that they would have to spend a great percentage of their monthly income. Therefore; Airbnb has been created along with the term of co-living; in which people get to share a residency, helping each other grow as adults.
In the aftermath of the Housing Bubble and Great Recession of 2008, unemployment has remained high and incomes have become stagnant, putting a strain on household budgets and preventing buyers from purchasing homes. Most recently, the decreasing value of homes and increased foreclosures have all contributed to the high growth rate in renting. In this environment, renting offers greater flexibility and requires less of a financial stretch than homeownership — which enables households to adapt to changing financial circumstances. As a dominant owner/operator of single-family rental properties, American Homes 4 Rent (AMH) has the ability to secure early-mover advantage and position itself as a top competitor. With the opportunity to continue acquiring
Proposition F or the ‘Airbnb Initiative’ is an initiative targeted at short term rentals in the city of San Francisco. The proposal would be on ballot for San Franciscans on November 3, 2015. A Yes to Prop F would mean restriction on private rentals to 75 nights per year and imposition of provisions designed to ensure that private rentals are paying hotel taxes and following city code.
The guests get to stay in an actual house with all the amenities of home for less than most good hotels, and the host doesn't have to let their home sit vacant while they are away. Instead, they can make money off of it. While there are questions about city zoning ordinances and whether Airbnb hosts must have the same safety protections as hotels have, the industry is booming and expanding world-wide.
Hi Melissa, I agree with your analysis, I think people want to have convenience and as well as happiness. People that rent their homes are making extra money which help them to pay their bills. From the utilitarians and libertarians point of view the ban on Airbnb company is injustice. According to Rawls people in the original position should imagine their selves behind the veil of ignorance while choosing the principles and must also think of not only income and wealth but also rights, liberties, opportunities, status, and self-respect of the affected society. (Shaw, 2016, p.122-123).