Choice Hotels to compete with Airbnb for vacation rentals - USA Today
Summary
Choice Hotels is entering the vacation rental market, which increases competition for Airbnb. This news highlights the evolving landscape of the short-term rental industry.
Key Insights
- •Choice Hotels to compete with Airbnb for vacation rentals indicating increased competition in the STR market.
Action Items
- ✓Hosts should monitor how this new competition impacts the local market and adjust their pricing and marketing strategies accordingly.Effort: lowImpact: medium
Related Videos
More from Growth & Marketing
Samsung browser users can now access Airbnb listings directly through the browser. This update streamlines the booking process for Samsung users, potentially increasing visibility for hosts. This integration provides a more seamless experience for guests browsing and booking accommodations.
RedDoorz, a budget hospitality platform, has maintained 25% YoY growth, driven by a multi-brand strategy. They are expanding AI-driven systems and company-operated hotels to enhance customer experience. Travelers prioritize shorter regional trips, authenticity, and experiences over accommodation spending, impacting host strategies.
Hopper's B2B arm, HTS, has secured a deal with RBC, Canada's largest bank, taking over from Expedia Group after 12 years. This move comes as Capital One Travel downgrades its relationship with HTS, creating questions about Expedia’s travel partnerships. The contract's exclusivity with RBC put other Expedia partnerships at risk.
Curated by Learn STR by GoStudioM