Accor's purchase of Onefinestay, an upmarket competitor to Airbnb.
--
Accor classes about 16 percent of its rooms as luxury and upscale, and
in December, the hotelier agreed to pay $2.9 billion for the Fairmont
and Raffles chains.
--
Airbnb has 36,000 listings in New York alone. That compares with 105,000
hotel rooms, according to Bloomberg Intelligence. Airbnb has become a
massive force in lodging market, and crucially, once consumers and
owners get used to the accommodation platforms, they don't easily switch
back.
--
Accor reckons wealthy individuals spend 32 billion euros on leisure
travel in the top 40 cities around the world every year. While they will
stay in one of Accor's hotels for business, they might stay in a rented
luxury home for their holidays with family or friends. Accor wants to
make sure it captures that leisure travel spend too.
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