HomeNewsTrendsTravelEven for CEOs, it’s more about 'a good deal than a preferred hotel chain'

Even for CEOs, it’s more about 'a good deal than a preferred hotel chain'

Homestay major, Airbnb, raked in over $296 billion in revenue from corporate travels in the US; this is a testament to the changing landscape in the field of hospitality

February 01, 2019 / 16:50 IST
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Since the advent of BnBs, which offers tailored experiences in a streamlined and standardised fashion, the way people travel has changed significantly.

Homestay major, Airbnb, raked in over $296 billion in revenue from corporate travels in the US; this is a testament to the changing landscape in the field of hospitality. A recent Morgan Stanley research revealed that the primary reason corporate travellers use Airbnb is due to price (53 percent) followed by location (35 percent), authentic experiences (33 percent).

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The data also suggests that the cost of lodging is 8-17 percent cheaper in Europe than a regional hotel’s average daily tariff.

The trend is now catching up with India’s corporate professionals as well.