Airbnb Sales Second Only to Marriott for Vacation Travel in 2018
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
A new report from Second Measure shows that vacation travelers spent more with Airbnb than they did with Hilton, HomeAway and IHG in 2018. While the report doesn’t include business travel, it does show that Airbnb is a formidable opponent, taking more and more market share from traditional hotels.
Airbnb is also positioning itself to give platform users even more options in the future. The company recently acquired HotelTonight, a platform that allows users to book last-minute hotels at discounted prices. This move means Airbnb can increase sales in areas where traditional home inventory is low or hotel inventory is in high demand.
Despite Airbnb’s growth, some cities have tried to restrict the platform’s use. The company is currently in a legal battle with the city of New York.
Meanwhile, Wall street is expecting the company to go public within the next year. Currently valued at $31 billion, Airbnb CEO Brian Chesky has said that the 10-year-old company will offer an IPO before some employee stock grants expire in 2020, according to Bloomberg.
It remains to be seen how investors will view Airbnb’s growth alongside of the legal issues being faced by the company once the IPO is announced.
For the latest travel news, deals and points and miles tips please subscribe to The Points Guy daily email newsletter.
Featured photo by Carl Court/Getty Images
Sign-up Successful!
Welcome to The Points Guy!
Earn 90,000 bonus miles after you spend $3,000 in purchases on your new Card in your first 3 months. Offer ends 8/3/2022.
With Status Boost™, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your Card in a calendar year, up to two times per year getting you closer to Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants and at U.S. supermarkets and earn 1X Mile on all other eligible purchases. Terms Apply.
- Limited Time Offer: Earn 90,000 bonus miles after you spend $3,000 in purchases on your new Card in your first 3 months. Offer ends 8/3/2022.
- Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs up to two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
- Earn 3X Miles on Delta purchases and purchases made directly with hotels.
- Earn 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets.
- Earn 1X Miles on all other eligible purchases.
- Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. Payment of the government imposed taxes and fees of no more than $80 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
- Enjoy your first checked bag free on Delta flights.
- Fee Credit for Global Entry or TSA PreCheck® after you apply through any Authorized Enrollment Provider. If approved for Global Entry, at no additional charge, you will receive access to TSA PreCheck.
- Enjoy an exclusive rate of $39 per person per visit to enter the Delta Sky Club® for you and up to two guests when traveling on a Delta flight.
- No Foreign Transaction Fees.
- $250 Annual Fee.
- Terms Apply.
- See Rates & Fees
Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.
Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.