A few months ago, the chance of Airbnbs planned IPO going ahead in 2020 was slim to none. As the COVID-19 pandemic swiftly ground domestic and international travel to an abrupt halt, travelers cancelled their bookings en masse and its host community looked to list their properties elsewhere. However, Airbnbs recent performance means that a stock market launch is now once again a possibility says GlobalData.
Expedia Group today announced that it is implementing the next phase of its strategy to simplify its vacation rental brand portfolio and focus on Vrbo®. Next month, users of the HomeAway website in the U.S. will be redirected to Vrbo.com and HomeAway mobile app users will receive a notification to download the Vrbo app.
Airbnb hosts claim that Airbnb violated its own terms of service, misrepresented its polices and engaged in consumer deception when it converted over $2 billion in host payouts to bolster its goodwill with travelers and IPO valuation.
COVID-19 has disrupted the disrupter of the hospitality industry. Can vacation rentals recover from this pandemic? How?
Airbnb bookings are rebounding as Americans rush to book post-lockdown vacation rental stays.
Airbnb still can be a success, as long as it embraces the idea that it may have to be smaller in scale in the short-to-medium term and operate in a more efficient manner, says GlobalData.
Airbnb booking levels are rebounding from coronavirus lows in a number of states that ended their lockdowns, according to new data provided by AllTheRooms Analytics, a provider of short-term rental and Airbnb data and analytics.
IHG has signed a long-term agreement with Asia Pacific Hotels Inc to take on management of Fiesta Resort & Spa Saipan, in the Commonwealth of Northern Mariana Islands, from May 2020
Airports Council International (ACI) World reports that global passenger traffic declined by -10.7% in February, down from a figure of +1.9% in January, driven by the impact of the COVID-19 outbreak in the Asia-Pacific region.
Following the news that many travelers have had to cancel Airbnb reservations, Rheanna Norris, Associate Analyst at GlobalData offers her view on how traveler priorities are likely to change when international borders are reopened