Airbnb Beat Expedia in Bookings and 15 Other Hospitality Trends This Week
Photo Credit: An Airbnb Plus property in Milan. Airbnb overtook Expedia's gross bookings in the first quarter of 2019. Airbnb
Skift Take
This week in hospitality news, homesharing giant Airbnb overtakes Expedia in bookings, and budget hotel chain Oyo continues to enlarge its global footprint with its acquisition of Vegas Hooters. Plus, Marriott, IHG, Accor, and Hilton's investment in a meetings booking platform has major implications for event planners and hotel operators.
Hotel News Weekly Roundup
Throughout the week we post dozens of original stories, connecting the dots across the travel industry, and every weekend we sum it all up. This weekend roundup examines hotels. For all of our weekend roundups, go here.
Airbnb Beat Expedia in Booked Room Nights: Does anyone remember when Travelocity was the leading U.S. online travel agency? We’re thinking about that because a milestone may have taken place in the first quarter when Airbnb attracted more room nights booked than did Expedia. What it does clearly show is that the online travel pecking order is very much in flux.
Budget Hotel Chain Oyo Continues Meteoric Growth With Vegas Hooters Acquisition: Oyo is opening, on average, one new hotel per day. It should be available in all 50 U.S. states in no time.
Marriott, IHG, Accor and Hilton Invest in Meetings Booking Platform: The hotel industry has had a tough time improving the painful process of selling event space and room blocks to meeting planners. Perhaps this deal is a sign the sector is finally ready to invest in meaningful change to help repair the ecosystem.
5 Luxury Takeaways From the Latest Hotel Earnings S
