Friday, March 24, 2023
  • Login
CEO North America
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
CEO North America
No Result
View All Result

Breaking through to the other side

in Editor´s Choice, Travel
- breaking through to the other side
Share on LinkedinShare on WhatsApp

Experts begin to see Airbnb as a palpable threat to the hotel industry.

Airbnb is not joking around, it really aims for the gold.

According to recent data, the US hotel industry brings in more than $200 billion in revenue a year, however, 2018 meant a significant milestone for the company because it gathered nearly a fifth of consumer bookings going through the service in the United States during last year.

This is truly outstanding after noting that the app only considers its revenue to be the fees it gets from renters and travelers, not the gross bookings.

Statista data shows that major hotels made up around 70% of consumer bookings during 2018, a drop from 94% five years ago, while Airbnb, in that same span of time, has managed to go from 3% of the market to nearly 20%.

Costumer Airbnb spending is catching up to Marriott, the world’s largest hotel company, which added to its revenue by acquiring Starwood hotels in 2016.

- breaking through to the other side

The keys to success

Out of all US consumer lodging spending last year, Airbnb made up nearly 20%, according to Second Measure data. HomeAway, its home-sharing competitor owned by the travel booking site Expedia, brought in 11%.

But what are the keys to success?

The company’s willingness to evolve and diversify its revenue, moving from a room sharing service into more of a hybrid hotel-lodging company, is really what has the company blowing sky-high. As it branches out more directly into the hotel space, offering boutique spaces and other varieties, the app can only grow up.

Click here to see the most active cities on the app.

Tags: AirbnbAppCEOCEO NorthamConsumer lodgingLodging marketTravel

Related Posts

Tours and activities should brace for spike in ai-generated fake reviews
Travel

Tours and Activities Should Brace for Spike in AI-Generated Fake Reviews

Global traveller report reveals shift towards sustainable travel
Travel

Global Traveller Report Reveals Shift Towards Sustainable Travel

Zoom fatigue finally revives travel for in-person company meetings
Travel

Zoom fatigue finally revives travel for in-person company meetings

Does airport duty-free really save you money?
Travel

Does airport duty-free really save you money?

Tips to save you time at the airport
Travel

Tips to Save You Time at the Airport

How do airlines order their flight numbers?
Travel

How Do Airlines Order Their Flight Numbers?

2023 outlook: business travel bounces back
Travel

2023 Outlook: Business Travel Bounces Back

The return of international family travel & the rising influence of gen alpha
Travel

The Return of International Family Travel & The Rising Influence of Gen Alpha

100ml security rule at airports due to end in 2024
Travel

100ml security rule at airports due to end in 2024

How to use mobile data abroad
Travel

How to use mobile data abroad

No Result
View All Result

Recent Posts

  • Symbotic’s CEO Rick Cohen shines a light on the consumer goods supply revolution
  • CEO John Wynne outlines how Fortis Solution Group is disrupting the packaging industry
  • CEO Keh-Shew Lu explains how Diodes Inc is pushing the frontiers of connectivity
  • CEO NA Andrea Pirondini explains why the Prysmian Group is best-in-class at cable solutions
  • Eric Clark on how ONE NTT is driving client-led innovation

Recent Comments

    Archives

    Categories

    • Art & Culture
    • Business
    • CEO Interviews
    • CEO Life
    • Editor´s Choice
    • Entrepreneur
    • Environment
    • Food
    • Health
    • Highlights
    • Industry
    • Innovation
    • Issues
    • Management & Leadership
    • Multimedia
    • News
    • Opinion
    • PrimeZone
    • Printed Version
    • Travel
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials – stuart.james@ceo-na.com

    Advertising – media@ceo-na.com

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

     

    MEXICO CITY

    Paseo de la Reforma 296,
    Floor 38
    Mexico City
    06600
    MEXICO

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials –
    stuart.james@ceo-na.com

    Editor-In-Chief –

    caroline.sposto@ceo-na.com

    Editorials – editorials@ceo-na.com

    Advertising –
    media@ceo-na.com

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

    MEXICO CITY

    Paseo de la Reforma 296,
    Floor 38
    Mexico City
    06600
    MEXICO

    CEO North America © 2022 - Sitemap

    No Result
    View All Result
    • Home
    • Business
      • Entrepreneur
      • Industry
      • Innovation
      • Management & Leadership
    • CEO Interviews
    • CEO Life
      • Art & Culture
      • Food
      • Health
      • Travel
      • Environment
    • Opinion
    • News
    • Multimedia

    © 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In