It's a question that pops up in almost every trip planned: Where do you want to stay? These days, travelers are more likely to be choosing between a traditional hotel and a home or apartment rental. As part of MONEY's Best in Travel, we analyzed hotel room and Airbnb apartment rental rates in nearly 300 cities to determine where it makes the most sense to stay in each type of lodging. For budget travelers looking for the lowest-cost option, hotels deliver lower rates on average — something that may come as a surprise to many travelers. Among the popular travel destinations MONEY analyzed, there were less than 40 cities where the average rate for an apartment on Airbnb was cheaper than a hotel. Discover the 10 cities where you can save the most money.
The Federation of Hong Kong Hotel Owners, which represents 90 per cent of businesses in the industry, said on Tuesday while Airbnb was not a direct competitor, the home-sharing service was “simply illegal” and must be opposed “as a matter of principle”. Under the Hotel and Guesthouse Accommodation Ordinance, premises that offer sleeping accommodation for a fee over a period of less than 28 days must be licensed. But many hosts advertising on home-sharing sites were unlikely to have done so, critics said.
When Airbnb CEO Brian Chesky took to the stage in San Francisco on February 22 and said that “Airbnb is for everyone,” it was more than just a company slogan. It was a statement about the evolution of the sharing of homes that’s becoming more professionalized, more standardized, and in some cases, a lot more like a hotel. Of all the new features and products Chesky outlined, the official launch of Airbnb Plus in February was particularly emblematic of this convergence taking place in the hospitality industry where the traditional categories of lodging are beginning to blur.
Elisa Chamorro (LinkedIn profile), founder and CEO of Spanish second-hand marketplace Wallyboo.com was one of three winners of Airbnb‘s #Womenup award. This was the first edition of the women in technology award, a partnership between Airbnb and co-working and training space Impact Hub Madrid. Wallyboo focuses on baby and childcare products, but unlike its competitors, the site also offers rental options. Chamorro was inspired to create Wallyboo while planning a family holiday with her small children.
Some kids want to be a fire fighter, astronaut or a ballerina when they grow up. Lily He wanted to be a millionaire. Lily and her parents immigrated to the U.S. when she was nine and lived in poverty on the outskirts of San Francisco. She had just two pairs of pants in fourth grade and couldn’t afford glasses even though she had trouble seeing the blackboard.Now 26, Lily is working to ensure that she—and any future children she might have—will never experience poverty again. She and her husband, Jared, save $150,000 a year and project they’ll become financially independent by 2029. That is, they’ll have enough money so that they won’t have to work.
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