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
Welcome to The Points Guy!
WELCOME OFFER: 80,000 Points
TPG'S BONUS VALUATION*: $1,650
CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
- Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.