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Why Airbnb Fails to Disrupt the Hotel Industry

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About Why Airbnb Fails to Disrupt the Hotel Industry

Explore Why Airbnb Fails to Disrupt the Hotel Industry with 3,396,610 views, 56,562 likes, and 3,603 comments. Experience the impact of this video content that has captured audience attention.

Cost is the biggest barrier to scale in the hotel industry. It takes on average 2-3 years to build a hotel. The upfront cost for design, permits, and construction can range from $30M to $130M, depending on location and category. These estimates don’t even include the cost of the land. Since these numbers are publicly shared by nearly every hotel giant, it’s no secret how cost prohibitive it is to grow market share in the hotel industry. Airbnb’s innovation is on the supply side. Anyone can list and monetize their room, apartment, or house with a few steps on Airbnb. The company’s business value is to serve as a trusted platform between travelers and hosts. Discovery, communication, and transactions between both parties all occur on Airbnb. Hosts set their own prices for their listings, provide service, and accept travelers in whatever way they see fit. So why aren’t hotel executives scared of Airbnb? Are Hilton, Marriott, Hyatt executives all just pretending not to care publicly but freaking out privately in boardrooms? Are the hotel giants just too stubborn to evolve? ============================= Modern MBA Resources - these are the tools that we’ve vetted and use to fuel our growth. ============================= šŸ• Stop paying vet bills and get pet insurance in 60 secs: https://secure.moneymatchup.com/modern-pet šŸŽ“ Lower your student loans in 30 secs: https://secure.moneymatchup.com/MBA-Yrefy šŸ¦ Move your savings to a high-yield account in 5 mins: https://secure.moneymatchup.com/modern-hysa šŸ‘‰ Start your business and create an LLC for $0: https://secure.moneymatchup.com/zenbusiness-mba šŸ“ˆ Open a brokerage and get a full 1% transfer bonus: https://secure.moneymatchup.com/public-mba ============================= Support Modern MBA - we're 100% independent, self-funded, and committed to making business education free to all. ============================= ā˜• Tip: https://buymeacoffee.com/modernmba ā˜• Patreon: https://patreon.com/modernmba šŸ¤³šŸ» TikTok: https://www.tiktok.com/@modernmba šŸ¤³šŸ» Instagram: https://www.instagram.com/modern.mba/ šŸ¤³šŸ» Reddit: https://www.reddit.com/r/modernmba/ 0:00 Intro 3:38 Hilton (Overview, Portfolio, Performance) 4:55 Marriott (Overview, Portfolio, Performance) 5:44 IHG (Overview, Portfolio, Performance) 6:14 Hyatt (Overview, Portfolio, Performance) 7:01 Wyndham (Overview, Portfolio, Performance) 7:50 The Rise of Airbnb 16:38 Why Hotels Don't Fear Airbnb 22:46 Platforms of Future Past

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