EP156: This Week in the World of Airbnb
Summary
This 'Get Paid For Your Pad' episode discusses various Airbnb news items from May 2017, including creative listings like the Swedish countryside and an ad agency's office conversion, along with HomeAway's lawsuit against Chicago. Hosts should be aware of market trends and potential regulatory impacts. No specific actions are directly required in relation to the main content, but keeping up with industry news is essential.
Key Insights
- •Airbnb was named the #1 Disruptor of 2017 by CNBC.
- •HomeAway sued Chicago over its home-sharing law, alleging it was unconstitutional.
Action Items
- ✓Stay informed about the evolving home-sharing ecosystem and potential regulatory impacts in your area.Effort: lowImpact: medium
Tools & Resources
- →CNBC: CNBC article on Airbnb: It’s Been a Trip to $31 Billion, Now Airbnb Wants to Remake the Entire Travel Industry(cnbc.com/2017/05/15/its-been-a-fantastic-voyage-to-31-billion-what-airbnbs-next-big-trip-isnt-booked.html)
- →Chicago Tribune: Article from the Chicago Tribune about HomeAway's lawsuit against the city.(chicagotribune.com/business/ct-homeaway-sues-chicago-0523-biz-20170522-story.html)
- →Adweek: Article from Adweek about an agency turning their office into an Airbnb.(adweek.com/agencies/this-agency-turned-its-office-into-a-crazy-airbnb-that-got-jonathan-mildenhalls-attention)
- →Fortune: Article from Fortune about Sweden listing its entire countryside on Airbnb.(fortune.com/2017/05/22/sweden-countryside-airbnb-rental)
Common Mistakes
- ⚠Failing to stay abreast of local regulations could lead to fines or other legal issues.
Related Videos
More from Growth & Marketing
While travelers use AI to plan trips, only 8% trust it for booking. Expedia's report indicates trust remains with travel brands. Despite this, Expedia is strategically positioning itself across AI platforms with partnerships to reach travelers wherever they are. This could influence how hosts market listings.
MSC Group's Cruise Division is expanding its private island portfolio in the Bahamas, aiming to capture luxury travel demand. They're developing Sandy Cay, a secluded, luxury extension of Ocean Cay, focusing on curated experiences and personalized service. Investments in Ocean Cay include new dining venues and family-friendly attractions. This strategic move highlights the growing importance of private islands in the cruise industry.
The Short Term Shop, a vacation rental real estate brokerage, has surpassed $3.5 billion in short-term rental transactions, solidifying its leading position in the industry. This financial milestone demonstrates the continued growth and potential within the STR market and signals rising investor confidence.
Curated by Learn STR by GoStudioM