How is the Airbnb China alternative impacting the travel industry? While there are several alternatives to Airbnb in China, Tujia is likely the one that has had the biggest impact. Its effects on the travel industry serve as a good example of what to expect now that there’s even more co...
and Taiwan, commented on the trends: “The festive and autumn season presents a unique opportunity for Indian travellers to explore both domestic and international destinations. We’re seeing an exciting trend in travel patterns, with more Indians seeking unique travel experiences in culturally rich c...
This study examines the financial impact of Airbnb announcements on stock indices in the travel and tourism and real estate industries within the Asia Pacific region. Utilizing an event study methodology, the research reveals distinct sectoral responses. The travel and tourism industry consistently ...
“Airbnb” is not just a brand name, but a noun like using a “Kleenex” or “Scotch tape.” This kind of brand recognition is priceless in the competitive travel industry. It virtually transcends the branding thought process like with traditional hotels. To find an “Airbnb” is synonymous...
Airbnb's positive effect on employment extends to subsectors of the hospitality industry, such as hotel and restaurant. • We utilize induced demand and joint demand to explain Airbnb's impact on employment. • The results are robust to alternative empirical specifications, various control varia...
External Factors:External factors such as natural disasters, economic downturns, or pandemics can significantly impact the travel industry. Unforeseen events like the COVID-19 pandemic have caused a decline in travel demand and disrupted Airbnb’s operations. ...
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As the Caribbean tourism industry continues to recover from the impact of COVID-19, Airbnb has partnered with the Caribbean Tourism Organisation (CTO) to promote certain Caribbean territories, such as the Virgin Islands, as a viable destinations for digital nomads to live and work anywhere. ...
A couple of weeks haven't gone by this year without a research firm or hotel-industry advocate attempting to answer "the Airbnb question" about what impact that upstart service is having on the largest U.S. hotel markets. With each report comes a new round of volleys between either lodging...
Airbnb's Impact ...on Travel Airbnb has made travel more feasible for many people by providing a way to find accommodations that cost less than traditional hotels and other lodging. It has provided property owners in destination cities with new opportunities to earn income by renting out availa...