Essay On Airbnb

With recent economic crisis (2008), people globally tend to spend less of their money on travel. Regarding the hospitality industry, they would rather look for cheaper accommodation or room. With the crisis also affecting companies, business travelers are keener to find cheaper rooms or apartments to limit their changes.by offering cheap rents, AirBnB is offering an alternative solution to people and businesses, and is a good response to the crisis.

Airbnb, Inc. operates an online community marketplace for people to list, discover, and book accommodations worldwide via online

Rent control refers to laws that limit the amounts of rent and the amounts that rent can be increased in any year. There is no statewide rent control in the US, and all the rent control laws and regulation are passed by cities. Most of the cities with rent control are located in New York, California, and New Jersey. Washington, D.C. also has rent control.

1. I’ve known several people who have worked as Conference Housing Assistants, and they’ve all said great things about it. Firstly, reading the job description, I see that interpersonal communication and organization are two of the biggest skills needed for this position of which I pride myself over. I want to be able to tie my qualifications and skills to the school that I attend so that I can assist others as well as represent Stony Brook. I know many former Orientation Leaders, Conference Housing Assistants, and Residential Assistants who have said it’s a rewarding position because you get to assist and meet new people.

Before my dad began working at RNR Tire Express I did not know very much about rent-to-own. I understood that it meant you rent something until you own it just by drawing conclusions. I think it is easy to find the benefit of rent-to-own in America especially in tough economic times. Nowadays it is uncommon for people to be able to pay for large, yet necessary items in one full payment. For example, new tires can be very expensive, but they are necessary in order to drive safely. Old, worn tires are a safety issue and could cause more damage to your car if they aren’t replaced. I think many Americans dread having to get new tires because it often times means spending money that they do not have. I think there are many Americans that would have to choose between new tires or paying another bill if they had to pay for their tires in full, upfront. Rent-to-own makes it possible for someone to buy a new set of needed tires without breaking the bank by allowing them to make payments. Another benefit to making payments is that usually the buyer can choose the best time for them to make their payments such as weekly, biweekly, or monthly.

The all-inclusive model from today is constantly evolving being different from the old one in the way that nowadays hotels and resorts are offering complex packages and a wider range of services, day and night excursions and trips at a low price. The growing demand for the all-inclusive packages changed the earlier model that used to be associated with luxury and exclusiveness and increased every year the number of available rooms as it can be seen in Figure 3.

Consumer Behavior consists of what will Corporate Housing clients receive? What these clients receive is the convinence of a home like setting versus the tiny uncomftrable hotel rooms. They have the choice to dine in versus always having to dine out at a hotel with a fully equpped kitchen and they will receive weekly maid service. Another point would be why will these services be rendered? These services are offered to allow clients to stay a comftable and safe place. When will the services be rendered? The client who will be in

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.

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.

Hilton Hotels is one of the biggest players in the US lodging industry. It contributes to about 9% of the total rooms in US lodging market. It has presence in over 78 countries with more than 2500 hotels. Lodging industry is highly capital intensive industry, so to reduce capital expenditure Hilton Hotels opted for self-owned Hotels as well as franchising model with the real estate owners. One of the key features of lodging industry is low switching costs for customers. There is very little margin to differentiate from the major competitors in the industry which include Marriott international, IHG, Accor etc.

Those who rent from private landlords do not only tend to, on average, pay almost double the rent of a person living within social housing but also are twice as likely to live in a residence the Government would class as a “non-decent home”, a residence in disrepair and one that does not meet health and safety standards (Jonathan Owen, 2014). The undisputable growth of private renting sector is not limited to England but is also noticeable in Wales, Scotland and Northern Ireland. In wales the private rental sector represents 14% of total housing, the private rental sector in Scotland has doubled over the last ten years as more than three hundred thousand properties have been sold and in Northern Ireland private landlords own more properties than councils and housing associations combined according to national figures provided in 214 (Jonathan Owen, 2014).

targeted those people who would recognize and appreciate quality lodging and not those who were seeking “cheap sleep”.  Inviting potential guests or individuals who might influence visitor hotel selection to launch parties, swim parties, cocktail parties and other planned events.  Targeting supportive hospitality businesses.  Packages that supported local businesses were developed.

A lot of business travellers want to stay in well known hotels like Mariott or Hilton. Only 16% want to stay in individual hotels. So for the industry it is important to have a very good reputation. Of course the people try to get the best price for a room and most hotels have company rates which are below the normal rack rate. Also important for a booking is the location of the hotel and the bonus programs. For 26% of the guests Airline milage is important. So the hotels have to work with airline companies and they want special conditons as well.

To remain profitable, hotels must operate with around 65-70% capacity . Due to seasonality, political and economic events, some hotels are finding it difficult to maintain profitable occupancy levels and have started to provide services along multiple levels within the industry's

The above graph shows the competitive market between China Lodging Group (HTHT) versus Hotels and Motels market which includes lodging industry at large. From the analysis of the data above, the current situation in China lodging industry is still dominated by five-star hotels.