Arne Sorenson, president and chief executive of Marriott International, speaks with attendees during a Chicago Executives Club luncheon in Chicago. By Taylor Telford Taylor Telford Reporter covering national and breaking news Email Bio Follow April 30 at 11:49 AM Marriott International, the biggest hotel operator in the world, is launching a home-rental program as it struggles to stay ahead of the shifts in the hospitality industry, largely brought on by Airbnb.
Marriott’s move highlights the growing overlap between traditional hospitality leaders and such alternatives as Airbnb as they jockey for control of a changing industry. Airbnb offers 6 million listings worldwide, far more than any other hospitality company; last year, its sales eclipsed Hilton’s, according to data from Second Measure.
The 2,000-some rentals available through Homes & Villas won’t be managed by homeowners, but by third-party property companies. Rentals will be eligible for points through Marriott’s loyalty programs, just like they are through Marriott’s other brands, including Sheraton, Ritz-Carlton and Westin.
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:
Keep an edge my butt. They've lost money and their edge and are scrambling to stay relevant as gougey hotels phase out. Desperate move. Lol.
Good luck
keep up with*
How will this help normal Americans afford to rent in their communities.. This should not be legal.
Love it! ♥️ MarriottBonvoy MarriottIntl Marriott
Marriott dives into home-rental to keep an edge on Airbnb
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 »
Airbnb CEO says company will be ready for IPO later this year: CNBCAirbnb will be ready for an initial public offering later this year, the home-re... Risky investment lol Liabilities and enemies around the world with not much room left to grow. I'd love to get in at the beginning so I can dump it all after enough suckers fell for it Go public, and get ready for all the lawsuits from users who were spied upon, raped, murdered, because you cannot ever provide a safe rental, because you have no oversight, inspection, or care for your users. You love the $$$$$$$$$$
Source: Reuters - 🏆 2. / 97 Read more »
The companies with the most impressive free food in Silicon ValleyTo keep employees happy and in the office, companies like Dropbox, LinkedIn, Twitter and Airbnb have built enticing culinary programs. Oh yeah....Let me just go back to college and LearnToCode Illegal Food 🥘 😋
Source: CNBC - 🏆 12. / 72 Read more »