Friday 11 December, 2020 TOP STORY National's Tom Atchison on the BridgeStreet deal and further acquisitions LATEST NEWS If you missed our last newsletter....check out the stories below
• Week2Week strengthens sales team with Inglis appointment • Quest opens second Ballarat property • Bangkok hotel offers one-year stays to attract business travellers FEATURES VIDEOS/PODCASTS EDITOR'S COMMENT
• The runaway success of the Airbnb IPO, while it does raises concerns about whether tech stocks are overvalued and heading for a bubble, is certainly a decisive vote of confidence in the future of travel and hospitality.
For a company which was valued at around $18 billion when it raised emergency funds in April, to now be worth around five times that amount is an astonishing turnaround.
2021 will be a crucial year for the company as it looks to find new strategies and offers to enable its continued growth, against a backdrop of increased legislation. One of these could be an attempt to forge closer ties with serviced apartment and extended stay operators in a bid to lure them away from platforms such as Booking and Expedia.
With its newly acquired financial firepower, Airbnb will undoubtedly have a few surprises up its sleeve in 2021 too.
• It was good to speak with National Corporate Housing CEO Tom Atchison just a day after his company had completed the purchase of BridgeStreet's EMEA and APAC agency business. SAN understands that there were four or five interested parties but Atchison acted decisively to close the transaction. Click here to read about his plans.
• There's still time to register for today's Urban Living webinar discussing Airbnb's IPO and its impact on hospitality. Click here to register for the no-cost session at 2pm GMT.
If you would like to be considered as a contributor for future webinars, please get in touch.
George Sell, editor
For more information and sponsorship/advertising Katie Houghton
Group head of sales: +44 (0)7535 135 116
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