On today’s briefing we discuss Vrbo needling Airbnb with new billboards, Sonesta’s upbeat take on its opportunities, and IHG’s new net-zero hotel in the UK.
Today, we explore potential new U.S. travel restrictions, Wyndham's innovative approach to engaging younger travelers, and the current landscape of the short-term rental market.
The big three online travel agencies are generating almost three-quarters of the short-term rental revenue on the planet. The rest of the crowd is seeing their previous foothold diminishing.
Speaking of partnerships, Airbnb CEO Brian Chesky said: "We don't need to build the future by ourselves." More partnerships would be a big change for Airbnb, if and when they happen.
Expedia has its hands full getting Hotels.com and Vrbo back on track, and the antitrust environment may not be optimal for acquisitions these days. But if the company comes across a hard-to-resist M&A opportunity, never say never.
The U.S. vacation and short-term rental market has seen its supply growth rate drop in half over two years. It's like watching a sprinter decide to take up power walking.