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Tata Group hotel subsidiary launches first Indian homestay chain

By ASAP Newsdesk On 29th July 2019 · Add Comment · In Airbnb, APAC, Breaking News, Global News, homestay, India
Indian Hotels Co. Ltd , owned by the Tata Group and best known for its Taj hotel brand, has launched the first branded homestay product in India, Amã Trails & Stays. Meaning “home” in Sanskrit, Amã aims to have 100 properties within the country before the end of 2020, ranging from US$100 to US$150 per [...]
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Airbnb not popular prospect with all US neighbours

By ASAP Newsdesk On 22nd July 2019 · Add Comment · In Airbnb, Americas, Breaking News, Global News, Sharing Economy, Trending News
A survey of 1,000 people has highlighted their concerns about having Airbnb renters in their neighbourhoods, especially around personal safety, decreasing home values, additional noise and traffic. Read more:
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Google and others state they don’t ‘monopolise’ online searches

By ASAP Newsdesk On 18th July 2019 · Add Comment · In Breaking News, Facebook, Insights, OTA
Google met this week with a US House Judiciary Committee to counter the view that it holds a monopoly on online search, including for travel; however one Committee member cited a 2018 study which alleged Google accounts for more than 90% of all US web searching, and is therefore at least a “near monopoly”. Google, [...]
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TripAdvisor listings underused by UK property owners

By ASAP Newsdesk On 5th July 2019 · Add Comment · In Breaking News, Insights, technology, Trending News, Tripadvisor
TripAdvisor has revealed that more than half of UK accommodation owners are missing out on potential business by not taking advantage of the platform’s free listings. Around 16,000 free property listings have not been claimed, which means pictures and descriptions may not reflect how owners want to represent their property. Other trends released show the [...]
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US mortgage firm partners with Airbnb on refinancing option

By ASAP Newsdesk On 13th June 2019 · Add Comment · In Airbnb, Americas, Breaking News, Global News, homestay, Trending News
One of the largest and most experienced independent mortgage lenders in the US has launched a new mortgage option in partnership with Airbnb, to take income from renting on the platform into consideration on refinance applications for owner-occupied primary residences. Guild Mortgages’ option is available to all US homeowners who can prove they have listed their primary [...]
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Airbnb bookings now outpacing hotel growth and affecting profits

By ASAP Newsdesk On 3rd June 2019 · Add Comment · In Airbnb, Americas, Breaking News, Global News, Sharing Economy, Trending News
New figures have been released to outline the effect of Airbnb growth on hotel revenue across the US. Properties have been added to the platform at an “exponential” rate over the past decade, and every 1% increase has decreased hotels’ average RevPAR by 0.02%, therefore its supply doubling on average every year has led to [...]
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Why family travel advisors should pay attention to Generation Z

By ASAP Newsdesk On 31st May 2019 · Add Comment · In Breaking News, Insights, Millennials, Trending News
The US Digital Tourism Think Tank is advising that Generation Z, the next behind Millennials and born between 1995 and 2015, will account for 40% of all consumers by 2020, and are already having a big impact on luxury travel. As the YouTube generation, they have been exposed to a world of destinations and experiences [...]
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CBRE forecasts continued slowdown of US hotel performance

By ASAP Newsdesk On 31st May 2019 · Add Comment · In Americas, Breaking News, Global News, Trending News
According to CBRE’s latest US Hotel Horizons report, lodging supply has increased while the growth in demand has decreased, which is likely to lead to a decline in occupancy over the next couple of years – after 10 consecutive years of occupancy expansion. It echoes the health of the national economy, with US GDP also [...]
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Chinese tourism to US drops amid trade war – first time in 15 years

By ASAP Newsdesk On 30th May 2019 · Add Comment · In Americas, APAC, Breaking News, China, Global News, Trending News
Following more than a decade of rapid growth, travel to the US from China is falling, down 5.7% in 2018 to 2.9 million visitors, down year-on-year for the first time since 2003. This is largely due to the trade war between the two, with the US now imposing a 25% tariff on $200 billion worth of [...]
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Oakwood and WaterWalk form a new hospitality brand partnership

By ASAP Newsdesk On 9th May 2019 · Add Comment · In Americas, ASAP Members, Breaking News, Front Page, Global News, Oakwood Worldwide
ASAP Member Oakwood has formed a partnership with Wichita-based WaterWalk International to create a new hospitality brand, Oakwood WaterWalk. The multi-year strategic partnership blends furnished housing and serviced apartment solutions with a combined offering, with one-, two- and three-bedroom apartments across the extended-stay, multifamily, and corporate housing segments. The deal expands Oakwood’s US footprint across [...]
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