Airbnb market capitalisation is a thorn in the tourist company

In the eyes of some venture capitalists, Airbnb's market capitalisation is as high as $10 billion, higher than any large chain hotel group, but only four companies have mentioned Airbnb's name in the 10K annual earnings report to the Securities and Exchange Commission sec.

Diamond resorts, with timeshare as its main business, explicitly ranked Airbnb as one of its rivals, and it was the only lodging company to mention Airbnb in its annual earnings.

Combined with Orbitz CSM, TripAdvisor and HomeAway, the four listed companies call Airbnb competitors.

Wyndham Hotels in Europe and the United States have 103,000 vacation apartments, but did not say in the annual report Airbnb or HomeAway is its competitors, Hilton Global and boutique International hotel is the same. In fact, the three chain hotel groups did not mention any competitor's name in the annual report, nor did they mention the sharing of the economy.

Expedia, with its fledgling partnership with HomeAway, also failed to list Airbnb and HomeAway as rivals in its annual report, as did Priceline, although its booking.com sold about 120,000 vacation rentals.

Let's take a look at how these four listed companies describe their competitive relationship with Airbnb in their annual reports:

Diamond Resorts

"We also have a competitive relationship with other companies in the holiday industry, such as cruise lines, and holiday rental companies like Airbnb and HomeAway. Through the network, these companies provide private residential accommodations, including homes and apartments, to users around the world. These listings can be rented overnight, Zhou units. We believe that the future holiday rental industry will continue to develop. ”

Orbitz CSM

"We also face challenges from new distribution channels in the tourism industry, such as the ' daily specials ' website such as Groupon Getaways, and Airbnb's website to provide users with personal accommodation rentals." Airbnb and similar sites have helped homeowners to rent unused listings, such as homes and apartments, and rented them for short leases, offering a way to stay different from hotels. Such individuals may have an impact on the demand for hotel bookings as a result of the development of personal rental listings. ”

TripAdvisor

"We face competition from users, advertisers and travel reviews. Our major competitors include large portals, social networking sites and search engines, such as Google, Microsoft's Bing (including Bing), Yahoo (including Yahoo) and Baidu. We also face competition from OTA (such as Expedia and Priceline and their respective subsidiaries), wholesalers, tour operators and traditional offline travel agencies. In addition, some companies in other areas of tourism are our competitors, such as Airbnb, Ctrip, Holidaycheck, HomeAway and Yelp. ”

"In terms of vacation rentals, we also have several rivals, including HomeAway and Airbnb, some of which have more inventory than we do." ”

HomeAway

"Our major competitors include other holidays and short term sites such as tripadvisr.com and airbnb.com, as well as websites that provide accommodation and vacation rentals, represented by airbnb.com, wimdu.com and housetrip.com. ”

"In the US and Europe, there are hundreds of holiday rental sites that have direct competitive relationships with our listings, tenants, or two, such as housetrips.com, Booking.com, Airbnb, @Leisure, Interhome, James. Villas, TripAdvisor and Wyndham. Many of these sites offer free or highly discounted listings, or focus on providing a specific area or type of listings. Some of them also incorporate listings from various sources, such as those that are provided by property managers, and some property managers also post information on our website. ”

"Some of the sites that competitors operate will be integrated into a wider range of scattered listings, such as Airbnb and Wimdu, which will be posted on the site with property managers ' listings and private listings to provide short-term rental services to users." This not only provides more accommodation options for travellers, but also attracts more users to visit their websites because of the unique way in which they are rented. Some homeowners also offer vacation rentals on these sites, so there is a certain level of competition between these sites and we believe they will be our future rivals. ”