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Published Date

04/29/2019

Post Owner / Author

bizbro

Post Category

Business

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SAN FRANCISCO, CA – NOVEMBER 16: An indication is posted in entrance of a Marriott resort on November 16, 2015 in San Francisco, California. Marriott Worldwide introduced plans to buy Starwood Motels & Resorts for $12.2 billion. The deal would create the world’s largest resort firm. (Picture by Justin Sullivan/Getty Pictures)

Justin Sullivan | Getty Pictures Information | Getty Pictures

Marriott Worldwide is gearing as much as begin a brand new home-rental enterprise with the objective of competing with Airbnb and different home-sharing corporations, The Wall Road Journal studies.

Marriott is the world’s largest resort firm and could be the primary main resort firm to create a home-rental platform for the U.S., following its pilot program in Europe.

The corporate partnered with Hostmaker, a home-rental administration firm, and provided 340 properties for home-sharing stays in Paris, Rome, Lisbon and London. The properties got here with a 24-hour help line and an in-person check-in by Hostmaker, Marriott instructed the Journal.

Marriott would permit friends utilizing the platform to earn and redeem loyalty factors as they do with different manufacturers Marriott owns, together with Sheraton, W lodges and Ritz-Carlton.

Marriott didn’t instantly reply to CInternet’s request for a remark.

Different resort operators equivalent to Hilton Worldwide Holdings and Hyatt Motels are additionally exploring or learning the home-rental trade, in line with the Journal.

Hyatt Motels had a minority stake in onefinestay, an organization providing upscale leases that was later acquired by Accor. Hyatt additionally had a stake in Oasis Collections and included the agency’s rental listings into its loyalty program and distribution system till it severed ties with the corporate when it was taken over by Vacasa.

This comes as Airbnb started to develop into the standard resort enterprise final month when it acquired Resort Tonight, an organization that collects bookings from lodges and gives them at a reduced value. Airbnb additionally lately invested in Oyo Motels & Properties, an Indian hotel-booking firm. Airbnb simply introduced that it is going to be partnering with RXR Realty, a New York Metropolis developer, to launch its first resort, which could be booked on Airbnb’s platform.

Because the world’s largest resort firm, Marriott owns about 1.three million visitor rooms globally, in line with information tracker STR, whereas Airbnb has practically 5 million rooms listed, in line with AirDNA.

New competitors for Airbnb comes as various metropolis governments have stated a number of the platform’s hosts have turned their houses into unlawful lodges.

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Marriott to launch home-rental platform to compete with Airbnb: Report 1

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