Priceline Group and Expedia on sharing economy
Priceline Group’s new president & CEO has drawn attention to the increase in shared accommodation on the group’s platforms, especially Booking.com, which itself reported a 33% increase in properties over the last year to 1.15 million hotels, apartments, homes and other accommodation. This includes approximately 591,000 instantly bookable vacation rental properties – a 49% increase year-on-year.
At the same time, president & CEO of Expedia, which owns sharing platform HomeAway – told delegates at this year’s IHIF in Berlin that the sharing economy was “a threat and an opportunity”, potentially a threat to pricing, but also introducing new travellers.
“If you look at eBay 10 years ago it was entrepreneurs and now it is professionals. The sharing economy will be professionalised.”
Related Posts
Priceline Group’s earnings reveal its alternative accommodation ambitions
Future plans for ASAP : interview with James Foice, CEO
Priceline invests $450 million in Chinese e-commerce giant Meituan-Dianping
Hotelbeds eyes a viable wholesaler path in the shadows of Priceline and Expedia
MagicStay reaches 100,000 lodgings with its Signature selection and Aparthotels
New serviced apartments opened in Newbury
Priceline.com CEO departs part way through turnaround plan
Ascott and Ascott Residence Trust invest jointly in first of a pipeline of student accommodation assets
