How Is Airbnb Shaping the Hotel Industry? The impact of Airbnb on the hotel industry and the broader economy has been hotly debated these days.
The central question is whether Airbnb is in fact disrupting the hotel business and changing the landscape of the lodging industry. Founded in 2008, Airbnb is a social website that connects people looking to rent their homes with people who are looking for local accommodations. It operates in more than 34,000 cities and 190 countries. Until now, the U.S. hotel sector has been in denial about Airbnb. Hotels mostly downplayed competition from platforms like Airbnb in the past, arguing that these platforms are a small niche market. “I strongly do not believe that they are a major threat to the core value proposition we have,” said Christopher Nassetta, CEO of Hilton, at an earnings call in October.
However, things have started to change. And New York is a prime example. The direct impact of Airbnb on the New York hotel industry is estimated to be $451 million. Airbnb : concurrence mortelle pour les métiers de l'hôtellerie - 04/07/2015 - ladepeche.fr. Les membres de l'Union des métiers de l'hôtellerie du 47 ont tiré le signal d'alarmes.
Un des problèmes mis en avant : la concurrence déloyale des locations chez l'habitant. «Si on ne réagit pas, on va tous à l'enterrement !» Un enterrement qu'on ne trouve pas dans les rubriques nécrologiques, mais celui des hôtels du département. Here's Proof Airbnb Is Shaking Up the Global Hospitality Industry. NEW YORK (TheStreet) -- Airbnb hasn't been around for a full six years but it's already shaken the global hospitality industry, forcing longstanding incumbents to adapt or suffer.
More than 30 million consumers have used Airbnb to find a temporary resting spot, be it for a one-night stay or an extended month-long rental. And as Airbnb makes it easier for guests and hosts alike, the startup is upending all levels of the hotel industry for both business travel as well as vacations. According to a recent report from Boston University, a 10% increase in Airbnb supply results in a 0.35% decrease in hotel room revenue, which translates into a 13% impact on revenue in Austin, Texas, which is home to the highest Airbnb supply. STOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks with serious upside potential. See them FREE for 14-days. The report's authors -- Georgios Zervas, Davide Proserpio and John W. Must Read: Warren Buffett's Top 10 Dividend Stocks. Economic Impact of Airbnb in France Grows to €2.5 Billion. FRANCE - November 12, 2015 - Airbnb, the world's leading community driven hospitality company, today released a new study highlighting the positive economic impact of Airbnb in France.
It shows that the Airbnb community has contributed €2.5 billion in total economic activity to the national economy in France in one year, supported 13,300 jobs and empowered working families across the 13 regions in France to stay in their homes. This is the most comprehensive study looking at the impact of the Airbnb community on an entire country, and comes after similar studies in cities across the world, including New York, London and Madrid.
It was conducted in collaboration with French economic consulting firm Asterès, and looked at all travel to France during the one year period from September 2014 through August 2015. The study found that Airbnb hosts are regular people who share their homes and use the money they earn to pay the bills and make ends meet. Some highlights of the study include: Airbnb, un concurrent déloyal pour les hôtels? Les hôteliers sont de plus en plus confrontés à la concurrence exercée par le réseau Airbnb.
En cette fin d'été, l'Union des Métiers et des Industries de l'Hôtellerie (UMIH) par la voie de son président a présenté cette concurrence comme étant déloyale, voire illégale. Ce discours n'est en fait pas nouveau. Taxe de séjour sur Airbnb : un rééquilibrage insuffisant face au secteur traditionnel de l'hôtellerie. Le site Airbnb fait-il de la concurrence déloyale?