Introduction:. This Report Talks About The Future Methodologies

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.

Bethesda, Maryland is the headquarters of Marriott International Incorporate. This unique organization transpired from a root beer stand in 1927 into a world-renowned hospitality hotel chain in 1957. Information provided will focus on the evolution of the root beer stand into the Marriott International Incorporate vast hospitality empire. Today, the Marriott hospitality industry has 5,756 hotels with 30 brands in 118 countries with 1.1 million rooms. Additionally, the Marriott generated $14 billion in revenue during 2016 and had over 85 million combined loyalty members between the Marriott and Starwood Preferred Guest reward programs. Furthermore, Marriott partnered with Universal Music Group to bring their rewards member’s additional

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

Listing your property on a website means that it will be managed by a property management company, commonly referred to as a rental by owner. The property management company, in this case Airbnb or Vrbo, will charge a commission, usually 10 to 50% of the rental income.

From supply point of view, Airbnb can be used to increase the number of idle houses Extra income and can make new friends from all over the world. There is no doubt that this sharing economic type is benefit supplier and consumer which is host and guest. Due to convenient method of employ and approximate to zero cost margin for host; at the same time, the most guests can get their ideal living experience and lower expenditure compared to hote. Airbnb is the process of fasting grow speed and get more popularity. (Ryerson

Marriott is renowned for its elegant and comfortable hotels and resorts. The company caters to a targeted customer base, ranging from the frequent corporate business traveler to the family enjoying their occasional weekend get-away. Marriott has continued its rise in the lodging, contract services, and restaurant industries. The company continuously strives to meet the needs and wants of its customers while strategically maneuvering the rigors of today’s competitive and ever-evolving market of glamorous destinations and convenient services. In order to remain relevant in a highly-competitive environment, Marriott must strike that successful balance of minimizing costs, and gaining and effectively

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.

The U.S. hotel industry recorded revenue of $113.7 billion and grossed $16.7 billion in pretax profit in 2004. As of December 31, 2004, there were 4.4 million hotel rooms in the United States. Approximately two-thirds of all U.S. hotel rooms were affiliated with a brand; the remaining one-third were independently owned and not brand-affiliated. The

Companies tend to increase their value by doing good deeds, no exception with Airbnb. In the aftermath of Hurricane Sandy that happened in November 2012, Airbnb partnered with New York City Mayor, Michael Bloomberg to offer free housing for the citizens. Airbnb built a site where victims register for housing and meet property owners with free housing. Additionally, Airbnb provided this service for free in addition to host guarantee for all properties listed. In the same year, Airbnb acquired NabeWise and Localmind. NabeWise is a city guide that gathers accurate information for specified locations, while Localmind is a location-based question and answer platform about specific locations online that post by users and will be answered by experts

According to the American Hotel and Lodging Association, in the year 1900, there were fewer than 10,000 hotels in the US which provided 750,000 to 850,000 rooms. The 2004 figures show that there are 47, 584 hotel properties in the US with 15 rooms or more. There are currently 4,415,696 guestrooms available. The industry had sales of $105.3 billion in 2003, which places average revenue per room at $50.42 with an average occupancy rate

Since its foundation in 1927 Marriott Corporation grew into one of the leading lodging and food services in the US. With three major business lines: lodging, contract services and related business, Marriott has the intention to remain a premier growth company. To achieve this goal the corporation’s strategy is to develop aggressively appropriate opportunities within their business lines. Marriott would like to be the preferred employer, the preferred provider and the most profitable company in each of the operating areas. The financial strategy includes four key elements:

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.

For many, hotels are considered the classic travel option, and in some cases the only one. The question here is why is the hotel industry against Airbnb? The clear answer for me is money. The rules have changed since Airbnb is in the game. More and more, travelers are choosing to stay in people’s homes instead of traditional hotels and this has become a potential threat to hotels. Although Airbnb was best known as a cheaper alternative to hotels, that’s not necessarily true. For example, in Malibu Airbnb prices range between $40 for a “Cali vintage Airstream with beautiful Canyon views” and $10,000 for “Malibu modern 6bd hilltop retreat”, although there are more expensive listings (Airbnb).

Marriott is a multi brand company with a Global Portfolio that providing lodging that fit within many market segments. This report will discuss briefly Marriott’s Portfolio of hotels, what they do, briefly examine a number of their key marketing strategies and examine how they are implemented, measured and ask the question does this make them market leaders?

Airbnb is designed to connect travelers with property owners in their chosen destinations. Those property owners can offer anything from a spare couch to a whole house and rest easy knowing somebody somewhere will have use for it sooner rather than later. It’s a wonderful system and those who rent their properties through Airbnb can expect to earn at least a couple of hundred extra dollars a month. I’ve been renting out my spare room through Airbnb since the early days of the site and in that time I have built up an extensive knowledge of the hosting process and what it takes to become a legitimate Airbnb success story. Read on for a plethora of helpful tips on beginning your stationary journey as an Airbnb host.