Management implications include suggestions for both hotels and LSE and how to diminish the impact of direct competition between the two segments of the lodging industry. Analyses were conducted using SmartPLS and produced results that indicated that five of the seven measured criteria were perceived differently by business travelers. This study evaluates LSE guest preferences for seven established accommodation characteristics: Price Financial Information Security Personal Safety Location, Empathy, Amenities, and Cleanliness. A survey was conducted comparing respondents traveling for business who stayed in a traditional hotel room versus an LSE property, respectively. The current study investigates this topic as it affects traditional hotels being at the risk of becoming a commodity with the growth and expansion of the LSE segment. However, research in the lodging industry is limited regarding business travelers’ preferences for staying at an LSE property while traveling for business. Airbnb is a well-known example of LSE and has become a favorite for business and leisure travelers. Approximately 487 million is held at SVB, which represents approximately 26 of the Company’s cash and cash equivalents balance as of March 10, 2023. It was founded in 1983 and had 210 billion in assets. With 4,500,000 listings in over 65,000 cities in 191 countries, Airbnb offers the widest variety of unique spaces for everyone, at any price point around the globe.The Lodging Shared Economy (LSE) has recently become a dominant force in the lodging industry. Silicon Valley Bank was a major lender to the tech sector, with clients such as Airbnb, Stripe and Coinbase. By facilitating bookings and financial transactions, Airbnb makes the process of listing or booking a space effortless and efficient.
Whether the available space is a castle for a night, a sailboat for a week, or an apartment for a month, Airbnb is the easiest way for people to showcase these distinctive spaces to an audience of millions. Unlock local experiences and travel through the eyes of a local. Airbnb is a trusted online marketplace for people to list, discover, and book unique accommodations and experiences around the world. Airbnb connects travelers seeking authentic experiences with hosts offering unique, inspiring spaces around the world. Airbnb is a community marketplace for people to list, discover and book unique spaces around the world through mobile phones or the internet.
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