While short-term rentals and ride-sharing are becoming more used and accepted by Asia-Pacific travelers, the survey points out that many of these travelers are also highly brand-sensitive as they want to experience iconic hotel brands when they travel abroad.
Professionally managed vacation rentals, when done right, offer an increased level of confidence for consumers. Vacasa's $35 million in funding is an endorsement of its growth trajectory and that of a key segment of the industry.
Hertz's investment in on-demand valet-parking service Luxe should be seen in the context of Accorhotels recently acquiring Onefinestay. Car rental companies and hotels are both feeling pressure from the sharing economy and they will be making more such investments and acquisitions as these startup mature.
This 137-page Skift deck curates data from every sector of travel and provides a wide sweeping overview of the state of the world’s largest sector and the forces driving it today. This is the State of Travel in 2016.
The 2016 State of Travel deck draws from our daily coverage of the global travel industry, from our ongoing series of Skift Trends Reports, and also incorporates expert research from…
Although five companies other than Expedia expressed an interest in investing in HomeAway or proposed an alternative transaction, only one, Expedia, made a full-blown acquisition proposal. That may say something about HomeAway's prospects, the very competitive marketplace in the vacation rental space and the broader sharing economy.
Three or four years ago, when Booking.com was trouncing Expedia quarter after quarter, you might have wondered why the Expedia CEO still had a job. Now he and Expedia-Trivago-Hotels.com-Travelocity-Orbitz-Wotif-HomeAway are on a big-time roll -- a rollup that's unprecedented in online travel.