Marriott International said on April 29 it would expand its home-sharing program to 2,000 properties worldwide. The hotel chain began renting out homes in Europe last year. The division, called Homes & Villas by Marriott International, uses property management companies to service what it calls premium and luxury properties, which can also be rented for points on the company’s loyalty program.
Airbnb Chief Executive Brian Chesky said during a CNBC interview on April 29 that the home-sharing company would be ready for an initial public offering later this year. Airbnb was valued at $31 billion in its last funding round in 2017.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marriott is said to expand home-sharing to counter AirbnbMarriott, the world’s largest hotel company, plans to expand its home-sharing business to the U.S. in May, according to a person with knowledge of the matter. It already operates a home-sharing business in European cities such as London, Paris and Rome.
Source: latimes - 🏆 11. / 82 Read more »
Marriott to Take On Airbnb in Booming Home-Rental MarketMarriott International is starting a new home-rental business, aiming to challenge Airbnb and other home-sharing companies. yes, because only corporations should be allowed to profit from owning property they are really late on this idea. There’s already vrbo, homeaway, Airbnb and RentLikeAChamp toolate Marriott is one of America's greatest corporations. Still a FAMILY-run business. Amazing how many good things emanate from strong families. So many problems are resolved when government creates the environment for families to thrive.
Source: WSJ - 🏆 98. / 63 Read more »
Marriott goes after Airbnb with its own home-rental business, reports sayThis new Marriott program will reportedly launch as soon as next month, and will allow guests to earn and redeem loyalty points as they would if they were staying in a hotel. and for me, I do not have money or points and I live in Brazil, how do I get to know? Marriott
Source: USATODAY - 🏆 100. / 63 Read more »
Marriott plans to launch home-rental market platform that would compete with Airbnb, report saysMarriott International is gearing up to be the first major hotel company to launch a platform aimed at the home-rental business with the goal of competing with Airbnb and other home-sharing companies, The Wall Street Journal reports. The question I have is....why?
Source: CNBC - 🏆 12. / 72 Read more »
10 of the world's best investing minds shared their biggest fears at Milken — and the lack of consensus is a major red flag of its ownTen experts at the Milken Institute Global Conference couldn't agree when asked about the biggest risk facing the investment landscape and economy.
Source: BusinessInsider - 🏆 729. / 51 Read more »
11 home-improvement chains that rose up before Home Depot and Lowe's took over the industryThe home-improvement business is currently dominated by Home Depot and Lowe's, but that wasn't always the case.
Source: BusinessInsider - 🏆 729. / 51 Read more »