New York City isn't a nimble tech company, for sure. It's untenable for the city to mandate a September 5 enforcement deadline to implement new host registration rules when the city hasn't met its side of the bargain.
New York City's short-term rental choices will be a shadow of their former selves starting September 5. That's good for neighbors tired or parties and nuisances, but bad for hosts and travelers looking for affordable visits.
Vrbo risks a host backlash but is doing the right thing for guests. As opposed to the articulated policies, how this all works out in practice is another matter.
Luxury travel is sensitive to travel demand changes and more susceptible lately to pricing pressures. Inspirato's story is a lesson in managing the pace of growth.
Capital One's travel investments are running the gamut, from Hopper and its discount-hungry travelers to Inspirato's jet-setters. Both will benefit the up-and-coming Capital One Travel.
There can be an ebb and flow to market share tussles. If Expedia Group indeed grew faster than Booking in the U.S. while Expedia has been distracted by a loyalty program launch and a tech platform migration, then additional gains could be in the offing in 2024, as well.
Airbnb, a household name brand that claims 90% of its platform traffic arrives without marketing, clearly has substantial advantages in international expansion over competitors.
Expedia Group should have most of the pieces in place at the end of the year to complete key elements of its transition. Then we'll have to see how well it executes on these new planks in reality.
Past events gave us enough incentive to look into how vendors gather and glean data on short-term rentals. Where there is transparency, there can be a degree of trust.