Technology

Research: Airbnb is now worth more than any hotel company

Airbnb may be worth more than the biggest hotel giants, according to new research.

A new report from Morningstar Equity Research, “Airbnb’s Network Effects Offers Investors a Unique Stay” has determined that the homesharing giant may have a market cap ranging anywhere from $53 billion to $65 billion, as per Skift.

giphy

This would put Airbnb’s market valuation WELL above Marriott International, the world’s biggest hotel company, with its own market cap at about $46 billion.

It also points to some pretty significant growth, with its last funding round sitting at $31 billion in 2017, according to senior equity analyst for Morningstar and co-author of the report, Dan Wasiolek.

Skift reports that these findings place Airbnb on par with some of the big players in the world of OTAs.

While it has well overtaken Expedia’s market cap of $19 billion and TripAdvisor’s $8 billion, it still has some catching up to do if it wants to compete with Booking.com, which is sitting pretty on a valuation of about $100 billion.

“That [Airbnb market capitalization] will continue to go up as it has been because Airbnb does have the No. 1 share in the core alternative accommodations market, and we think they are going to continue to have initiatives there to expand their presence in that market, and also go into new verticals to expand their network,” Wasiolek told Skift.

However, this victory may be short-lived.

“As people become aware that Booking has just as many alternative accommodations listings as Airbnb, we think Booking will begin to outpace Airbnb growth in this market in 2020,” Wasiolek added.

SEE WHAT PEOPLE ARE SAYING

  • sting

    ….excuse me but airbnb is not an accommodation provider… an accommodation provider changes its beds, furniture, washes laundry for sheets towels etc, renovates or refub its property…. airbnb doesn’t do any of those…. airbnb is more like an agent who derives its revenue from booking commissions…. airbnb should be compared with expedia.com, booking .com and the likes… not the hotel business…

Road & Rail

Is New South Wales getting a fast rail?!

Fancy getting from Sydney to Canberra in just one hour? It could soon be a reality. Let’s just hope it doesn’t face as many setbacks as Sydney’s light rail.

Share

CommentComments

News

Toxic chemicals found at popular south coast tourist hotspot

Tourists are being warned about to steer clear of certain parts of Jervis Bay after toxic chemicals have been found in the water ahead of peak holiday season.

Share

CommentComments

Destinations

This massive Amsterdam tourist attraction is gone for good

BREAKING: the I amsterdam sign has been removed! We’ve also been removed from the cafe downstairs after emptying the entirety of their chocolate powder onto our cappuccino.

Share

CommentComments

Wholesalers

Big Fat Wholesaler Wrap

Start getting excited, because there’s only two more Mondays until Christmas Eve! Which means this is our second last wholesaler wrap of the year – and boy, is it a goodie.

Share

CommentComments

Tourism

Overtourism should be “front of mind” says Insight Vacations Travel Director

by Lauren Croft

Insight Vacations’ Jake Stewart talks sustainable travel, overtourism, and life as a travel director. He sold the last one so well, we’re handing in our resignation today.

Share

CommentComments

Destinations

Is this destination the new Galapagos Islands?

Have you got clients who are interested in the Galapagos Islands but are put off by the prospect of travelling the 40 + hour slog? We’ve got just the thing.

Share

CommentComments

Travel Agents

Helloworld-owned business wins major government contract

Big congratulations are in order for QBT for taking out a new contract with the South Australian government! We’re using this as an excuse to have cake for lunch again.

Share

CommentComments

Cruise

Royal Caribbean partners with WWF to protect Hawksbill turtles

Monday morning got you down? Here’s a feel-good story to give you a nice little pick-me-up. And if this doesn’t work, you have our permission to indulge in an extra coffee or two.

Share

CommentComments

Hotels

Hotel slammed after staff make creepy effigy of guest’s dead son

You can bet your butt this article is just as cringy and awful as the headline suggests. We actually feel better about every embarrassing misunderstanding we’ve had after reading this.

Share

CommentComments

Aviation

Qantas accused of “wage theft” over Christmas volunteer program

Qantas is being accused of “wage theft” and “Grinch” behaviour after launching a new program asking workers to volunteer at the airport over the busy period.

Share

CommentComments

Tourism

The top destinations for honeymooning Aussies

Japan has just been crowned top trending destination for Aussie honeymooners! We’re considering marrying ourself as an excuse to take an impromptu trip.

Share

CommentComments

Destinations

Eiffel Tower and the Louvre forced to close as Paris riots continue

Meanwhile, we’re very close to forcing our office to close if our boss doesn’t change his policy on midday naps and early marks.

Share

CommentComments