Booking.com has long experimented with vacation rental inventory. Its inventory has been growing rapidly, but vacation rentals still remain a small part of Booking.com's business.
Despite the latest court ruling loosening restrictions on short-term rentals in Berlin, there are still plenty of questions left regarding what the city's laws on home-sharing really mean.
Hotels used to be nearly the only game in town for accommodations during high-demand occasions, and they could charge whatever the market would bear. They can still charge guests whatever the market will bear but the question is whether companies such as Airbnb are changing the market and pricing dynamics.
The Priceline Group is the colossus of hotel bookings but it is playing catch-up when it comes to vacation rentals. Yet CEO Glenn Fogel sounds determined to hone in on Airbnb's territory.