Airbnb and Very Weak Business Travel Are Hurting Hotels – Bank of America

airbnb vs hotels

Julie Verhage, Bloomberg – May 20, 2016 5:00 am In a note published on Thursday, BofAML analysts led by Shaun Kelley cited a raft of pressures on the lodging sector, such as “soft” corporate demand, a glut of brick-and-mortar hotels, and pressure brought to bear by the Internet, including the rise of home-sharing startup Airbnb Inc. The team is downgrading Hilton Worldwide Holdings Inc., Hyatt Hotels Corp., and Hersha Hospitality Trust from “buy” to “neutral” and cutting RLJ Lodging Trust from a “buy” to “underperform.” The analysts estimate that the sector could see shares fall…

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No rooms at Christchurch hotels during Cricket World Cup 2015

Chricket world cup opening ceremony

Thousands of crickets fans have descended on Christchurch for the opening of the Cricket World Cup, packing out the city’s hotels and motels. Only a handful of rooms are left in a city that “seems to be growing” in anticipation of one of the world’s largest sporting events. There was a “genuine, general feeling of excitement” New Zealand Motel Association (NZMA) chief executive Michael Baines said. NZMA members had room for six people across Christchurch as of 4pm on Wednesday. Moteliers were sharing room information on NZMA’s Duty Motel internet…

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Hotelscombined.com affiliate program is biggest ongoing online scam

HotelsCombined Scam

In 2005, Yury Shar, Brendon McQueen and Michael Doubinski (all three formerly worked for HotelClub) partnered to create a hotel comparison site where users could access the best rates from a variety of top travel sites all in the same place. Today, HotelsCombined has nearly 200 employees and 17 million users monthly. The site is available in more than 220 countries and in 39 different languages. In 2010, HotelsCombined won TRAVELtech “Website of the Year and was named a finalist in the Telstra 2010 Business Awards. In the same year,…

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Amazon to Get Into Hotel Booking With Launch of Travel Site

Amazon.com is poised to launch its own travel service, featuring booking at independent hotels and resorts near major cities. The initial rollout of Amazon Travel would feature a curated selection of hotels within a few hours’ drive from New York, Los Angeles, and Seattle. The service will likely go live around January 1, 2015. We contacted representatives of three independent hotels, two of which signed up for the new Amazon service and one that was strongly considering the option. Properties would load their room types, availability, pricing information, and photos…

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Here’s How To Book The Best Hotel In Town With Just One Tweet

Stefano Pozzebon A new service on Twitter allows users to reserve a hotel room with just a couple of tweets. The system is called #TweetStay, and is from the hotel booking website Stayful. Here is how it works: First the costumer tweets their request to a Stayful account, including destination, price range, arrival date and number of nights. At this point, the Stayful team negotiates a private deal with the hotels available in town, securing a cheaper offer than most of the costumers would get on their own. Here is…

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Sweden’s foreign tourist figures fail to impress

Back in 2009, the Swedish tourism industry expected turnover from tourists to Sweden would double to 500 billion kronor ($74.4 billion) by 2020. However, lackluster spending by foreign tourists has forced the Swedish Travel and Tourism Industry (RTS) to lower their expectations to 451 billion. “It’s the foreign tourism that’s not growing at the speed we anticipated,” said Jan Lundin of the RTS to Dagens Industi newspaper (DI). “Swedish tourism continues to grow, however”. In fact, tourism in Sweden is continuing to grow as an overall trend, and experts insist…

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Don’t even think about renting a jetski ‎in Pattaya: Kip Keino

I, for one, will be boycotting Pattaya and Phuket until jetskis are permanently unavailable for rent at those places. Perhaps there are some jetski renters who are not ripping off tourists, but the whole business is under a dark cloud and needs to be completely snuffed out. As a frequent visitor to Thailand since 1984, I advise other visitors to join in the boycott. There are better places to visit, which don’t have police in collusion with extortionists, fleecing tourists for tens of thousands of baht on a daily basis.…

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Dubai Furnished Apartments are now available on Booking.com

  Dubai Furnished Apartments announces its partnership with Booking.com to enhance the bookings of Dubai hotel apartments/furnished apartments and hotel rooms. Through this partnership, Dubai Furnished Apartments will work with Booking.com to give an opportunity to the customers to explore and choose from thousand of furnished hotel apartments/hotel rooms for their short term rental in Dubai, UAE. This partnership will especially help the tourists to get the complete arrangement of their accommodation in Dubai. This deal will support and address new opportunities to the customers to get a cost effective…

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Chinese hotel prices are set to fall this summer

The prices of hotels in several major Chinese cities are set to drop in the coming months, according to the latest Asia-Pacific hotel rates indicator published by HotelsBookie.com. The online travel agent released figures April 8 which showed that Beijing, Guangzhou and Shanghai are all set to fall in price between now and June as hot, humid weather between May and September lowers travel demand. Rates in Guangzhou will fall particularly sharply,  with rates 40 percent lower by June at an average of just $102 a night. Several other destinations…

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