Yotel CEO Sees an Opening Between Airbnb and Old School Hotels
Photo Credit: Hubert Viriot, CEO of Yotel, is actively responding to the rise of Airbnb. Yotel / Robert Harper
Skift Take
Expect to see a rise in affordably-priced hotels with compact guest rooms copying Yotel's business model if this expansion takes root.
Known for its small rooms and high-tech guest experience, Yotel has 12 new management contracts in the pipeline, including 10 city hotels primarily in the U.S., and two airport properties at Paris Charles de Gaulle Airport and Singapore Changi Airport.
Paris will be the first of the bunch to open in November.
Hubert Viriot, CEO of Yotel, told Skift that the reason behind the sudden expansion of the Yotel brand is the extended rise of Airbnb and more favorable market conditions over the last few years.
He explained that investors are finally seeing the value in compact, efficient, affordable, design-forward, technically advanced, full-service hotels in major urban markets as an alternative to Airbnb and other room-shari
