StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

The Impact of Online Renting Accommodation Services on the Hospitality Industry - Literature review Example

Cite this document
Summary
This literature review "The Impact of Online Renting Accommodation Services on the Hospitality Industry" discusses the extent to which Airbnb serves as a substitute for hotel bookings. It also discusses the impact of Airbnb on the bottom line of hotel businesses…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.9% of users find it useful
The Impact of Online Renting Accommodation Services on the Hospitality Industry
Read Text Preview

Extract of sample "The Impact of Online Renting Accommodation Services on the Hospitality Industry"

Download file to see previous pages

These new approaches to resource exploitation also extract more value from such possessions. People start to share.Airbnb is a company on the internet that facilitates rentals of a short-term nature. The rentals range from shared accommodations to entire homes. Airbnb has contributed more than ten million bookings worldwide to the sharing economy. This paper discusses the extent to which Airbnb serves as a substitute for hotel bookings. It also discusses the impact of Airbnb on the bottom line of hotel businesses.

On the Airbnb website, users can fill out their profiles by adding information such as their profile picture, location, biography, profession, university attended and the language they speak. Users are also allowed to verify their email addresses and phone numbers with Airbnb. However, address and email details are hidden to other users. Users are allowed to include their Facebook and LinkedIn accounts to their Airbnb profiles. Airbnb has a tradition where users leave comments after they have had their experience.

Therefore, such comments are accompanied by past reviews that the user has received from other hosts and guests.Many changes have occurred in the "sharing economy." The "sharing economy" is where huge proportions of society collaborate in order to use under-utilized inventory through fee-based sharing. Individuals can feed this massive demand by giving short-term rentals of their own vehicles which would otherwise sit idle. They can even rent out extra rooms in their homes or apartments. A new trend is emerging where people can also rent out their pets.

The benefit to consumers is that they get an opportunity to rent goods at a lower cost and lower overhead than they would have incurred if they bought or rented through a traditional provider. The sharing of commodities has been around for a long time. 

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(The Impact of Online Renting Accommodation Services on the Hospitality Literature review, n.d.)
The Impact of Online Renting Accommodation Services on the Hospitality Literature review. https://studentshare.org/tourism/1818888-the-impact-of-online-renting-accommodation-services-on-the-hospitality-industry
(The Impact of Online Renting Accommodation Services on the Hospitality Literature Review)
The Impact of Online Renting Accommodation Services on the Hospitality Literature Review. https://studentshare.org/tourism/1818888-the-impact-of-online-renting-accommodation-services-on-the-hospitality-industry.
“The Impact of Online Renting Accommodation Services on the Hospitality Literature Review”. https://studentshare.org/tourism/1818888-the-impact-of-online-renting-accommodation-services-on-the-hospitality-industry.
  • Cited: 0 times

CHECK THESE SAMPLES OF The Impact of Online Renting Accommodation Services on the Hospitality Industry

Rebak Island Resort Services Analysis

16 Pages (4000 words) Essay

New Business Development of Venetian Macao in the UK Leisure Industry

The Concept Leisure industry has become one of the attractive industries in the global market.... This industry includes the sectors like tourism, hospitality, entertainment and recreation, and with the changing lifestyle of people, the popularity of leisure services are growing significantly.... This paper will attempt to present a new business development of ‘Venetian Macao' in the UK leisure industry.... leisure and casino industry has been playing an instrumental role in UK's economic development as it attracts a large number of visitors in UK for leisure purposes (PWC-UK, 2011)....
17 Pages (4250 words) Essay

Hospitality industry marketing planning. Radisson Edwardian Hotel in the UK

hospitality industry is one of the biggest industries in the UK which contributes almost 2.... The report describes the SWOT analysis and PESTLE analysis and its impact on hospitality industry.... The hotel industry in the UK is competitive market because there are many organisations which provide luxurious five star hotel services in the UK and thus customers have many choices.... Thus, in the hotel industry there is requirement to provide excellent customer service (Oxford University Press, 2007)....
9 Pages (2250 words) Essay

Information Technology Is a Competitive Tool in an Evolving Hospitality Industry

According to (Hotelmule, 2010), in the past few years, the use of IT in the hospitality industry has increased extremely.... Though, this travel has not for all time been without problems, but it has turned out to be obvious that information technology is currently a vital competitive tool in the hospitality industry (Hotelmule, 2010).... 2002), improving service quality and enhancing efficiency are the critical functions of information technology in the hospitality industry....
4 Pages (1000 words) Literature review

Innovation in the Tourism and Hospitality Industry

Innovation in tourism and hospitality industry In the last few years, the researchers such as Boon-itt and Pongpanarat (2011), Martinez-Ros and Orfila-Sintes (2009) and Spekman, Spear and Kamauff (2002) have done extensive studies on the role of innovation in service sector especially tourism and hospitality industry.... Tourism and hospitality industry consists of many areas and dimensions and the study is catered across different elements.... In order to provide exceptional tourism experience to the visitors, the tourism and hospitality industry of each country has to introduce innovative products and services that will meet the expectation level of the customers (Anthony, Johnson, & Sinfield, 2008)....
8 Pages (2000 words) Essay

An Overview of the Hospitality and Tourism Industry

Innovation through technology Technology has swayed the hospitality industry of Chicago in recent decades.... hellip; The author of this essay critically evaluate the challenges faced by hospitality industry in the territory of Chicago.... This "An Overview of the hospitality and Tourism Industry" outlines and analyze the restaurant management in Chicago and defines the main aims of it in order to improve this branch of hospitality and to attract new customers....
5 Pages (1250 words) Research Paper

Polands Tourism Industry

hile the business of managing luxury establishments defines the industry the Four Seasons Hotels and Resorts is in, the company identifies its success on "a clear understanding of and belief in what (they) do and when (they) couple this conviction with sound financial planning.... (Four Seasons Online) The company also believes that their greatest asset, and the key to their success, is their people, together with a high service level where the exclusive focus is on luxury hospitality (Four Seasons Online)....
6 Pages (1500 words) Essay

Importance of Revenue Management in Hospitality/Tourism Industry

It will also evaluate the impact of revenue management on the hospitality and tourism industry.... This research is being carried out to critically analyze the main developments of revenue management based on a comprehensive literature review....  … This research will begin with the statement that organizations are constantly dealing with issues concerning the commodities to sell in the market, the target market and the right quantities to sell....
11 Pages (2750 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us