Articles tagged “alternative accommodations”

HomeToGo Buys a Near-Death Tripping in Vacation Rental Rollup

HomeToGo Buys a Near-Death Tripping in Vacation Rental Rollup

Sean O'Neill and Dennis Schaal, Skift

The acquisition of once-high-flying Tripping.com as a distressed asset was a losing deal for investors. It's not clear what the payoff will be for HomeToGo acquiring a Silicon Valley rival at vacation rental price-comparison. HomeToGo faces daunting expectations now, having raised $150 million.

3 months ago

Selina Receives $150 Million for Millennial-Friendly Hospitality

Selina Receives $150 Million for Millennial-Friendly Hospitality

Sean O'Neill, Skift

Until recently, Selina has been a glorified hostel operator. Its ambition to provide work-life balance to millennials who travel internationally has been more of a work-in-progress than a consistent offering. Yet massive fresh funding this year will help drive Selina to become one of 2019's most fascinating experiments in hospitality.

3 months ago

Booking Holdings Is Taking Its Time to Deliver On a Steep Promise

Booking Holdings Is Taking Its Time to Deliver On a Steep Promise

Dennis Schaal, Skift

Booking.com is taking its sweet time to implement a flights-to-attractions travel offering. Some would say the pace is Google-like in its slowness. But behind the scenes, data reigns supreme, and dictates whether a product is scrapped, implemented with a twist, or then reshaped anew. Refill the popcorn. This will take a while.

3 months ago

Airbnb Creates Niches for a New Generation of Vacation Rental Startups: Skift Research E-Book

Airbnb Creates Niches for a New Generation of Vacation Rental Startups: Skift Research E-Book

Seth Borko, Skift Research

Airbnb has built itself into the third most richly valued startup in the world over the last decade. But business never stands still, and as Airbnb harvests its gains, the latest generation of alternative accommodation startups are collecting all of the new venture capital in the space.

3 months ago

Airbnb and Other Unicorns Suffer by Staying Private, High-Profile Tech Investor Argues

Airbnb and Other Unicorns Suffer by Staying Private, High-Profile Tech Investor Argues

Dennis Schaal, Skift

Would Airbnb and Uber, for example, be truly better off as public companies? It's unclear because they both have access to tons of money already. But they would both certainly be better equipped to spin their own narratives.

3 months ago

TripAdvisor’s Experiences and Restaurants Businesses Outpace Vacation Rentals

TripAdvisor’s Experiences and Restaurants Businesses Outpace Vacation Rentals

Dennis Schaal, Skift

TripAdvisor faces a quandary: It needs to have an alternative accommodations business to round out its hotel offerings, but rentals revenue declined and slowed the otherwise-positive trajectory of its non-hotels segment. While TripAdvisor is a market leader in experiences and restaurants, its rentals business is muddying up the works.

3 months ago

Expedia CEO Insists That Online Travel Agencies Aren’t Over

Expedia CEO Insists That Online Travel Agencies Aren’t Over

Dennis Schaal, Skift

The biggest knock on the online travel agencies these days is that the competition is intense and that their golden years are done. Expedia's Mark Okerstrom counters that his company has a single-digit share of a $1.6 trillion market, and he's going wide and deep to pick up more. The jury is still out.

4 months ago

Private Equity Firm Upper90 to Invest $50 Million in Apartment-Style Hotels

Private Equity Firm Upper90 to Invest $50 Million in Apartment-Style Hotels

Jeremy Hill, Bloomberg

Upper90's joint venture hospitality developer Domio is further testament to the transformation of the hotel industry as new money goes into apartment-style properties rather than boxy, chain hotels. Investments like these will also contribute to urban gentrification.

5 months ago

Expedia Is Growing Alternative Accommodations Faster But Booking Isn’t Slowing Down

Expedia Is Growing Alternative Accommodations Faster But Booking Isn’t Slowing Down

Seth Borko, Skift Research

Booking sites are offering more types of travel products and services on their platforms. Of these verticals, alternative accommodations are a highly contested space where Booking and Airbnb lead for now.

6 months ago

The Biggest Inventory Challenges for Online Booking Sites: Latest from Skift Research

The Biggest Inventory Challenges for Online Booking Sites: Latest from Skift Research

Seth Borko, Skift Research

Many online travel agencies are no longer specialists in one product, instead aiming to become one-stop shops. The platform that a booking site can offer is a key part of its competitive moat and the contours of supply at Booking Holding and Expedia vary widely from each other.

7 months ago

Trivago Spins Alternative Accommodations as Its Ace in the Hole

Trivago Spins Alternative Accommodations as Its Ace in the Hole

Dennis Schaal, Skift

In some ways, Trivago and TripAdvisor find themselves in similar situations, although TripAdvisor has more upside because of its global brand awareness and the breadth of its offerings. But both need time to play the long game. In Trivago's case, it is now seeing alternative accommodations as a potential life line.

9 months ago

Not Just for Hotels — Booking Holdings Has a Direct Strategy of Its Own

Not Just for Hotels — Booking Holdings Has a Direct Strategy of Its Own

Dennis Schaal, Skift

With less fanfare than hotels, but with a ton of TV spend, Booking Holdings is intent on increasing its share of direct bookings. Anything that gets in its way, including metasearch sites that go out of favor, will be collateral damage.

9 months ago