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...However, there are challenges when expanding to the European market, said Patrick Scholes, who covers lodging and leisure at investment bank Truist Securities....
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...Pretty shocking to me is what I’m seeing on airfares/lodging. Virtually no resistance. Likewise on eating out. Both areas folks are prioritising, with very strong volume . . ....
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...Rising inflation may drive more families to become Airbnb hosts, its co-founder and chief executive said, as investors raised concerns over limited supply on the lodging platform as demand returns....
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...They see a market worth only $810bn for global lodging, but with Airbnb having just 5 per cent of that, there is plenty of room to expand its share....
...Budget extended-stay hotels have been one of the few bright spots in the pandemic-hit lodging industry. These chains tend to have larger rooms with decent kitchens and self-service laundry....
...Demand for luxury lodgings, which represent the top 15 per cent of its listed properties by price, had recovered to 87 per cent of 2019’s levels in March this year, while demand for budget stays was just...
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...In March, US lodging chain Extended Stay America announced that it would be acquired by a partnership that included Blackstone for $6bn....
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...“We see it [the rise of Airbnb] as a positive contribution to our tourism and recovery of the cities and for the owners of local lodging,” he says....
...A recent crop of stories about guests finding recording equipment in their lodgings has forced the San Francisco-based company to clarify its position....
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