July 27, 2017

Priceline Group Lags Airbnb in Alternative Accommodations But It’s in Hot Pursuit



Stock Photo - Waving flag with Airbnb logo. Editorial 3D rendering
Copyright: moovstock / 123RF Stock Photo

If there’s one thing the Priceline Group, including Booking.com, seemingly knows how to do, it is building its supply of available properties, which stood at 1.2 million at the end of March.

But when it comes to alternative accommodations, including vacation rentals and apartments, Booking.com is far behind Airbnb’s 3 million, and HomeAway’s roughly 1.4 million listings.

Of these 1.2 million hotels and alternative accommodations on Booking.com at the end of the first quarter, some 640,000 were vacation rentals and apartment hotels, and that was a 51 percent jump compared with the same period in 2016.

In roughly the same timespan, Airbnb, operating from a much larger base, grew its listings around 20 percent to 3 million. Meanwhile, HomeAway, seemingly absorbed in getting its house in order during its first year under Expedia ownership, saw its vacation-rental-listings ranks tick upward 16.6 percent to 1.4 million in the first quarter.

So Booking.com’s alternative accommodations supply is growing faster than Airbnb’s and HomeAway’s, two of its main competitors, but from a smaller foundation.

Priceline Group Glenn Fogel said Tuesday during the company’s first quarter earnings call with analysts that growing its breadth of supply, including alternative accommodations, is a key part of its strategy and offers […]

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The News for the Gig Economy Staff is constantly searching the web for the latest news regarding freelancing and gig platforms to bring them to you in one handy place. All articles with this generic author have been sourced with the original location at the bottom of the piece. We encourage our readers to view the original source of all excerpts. NGE is a project of ARC Online, LLC.

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