Travel startups are seeing the need for lodging in a whole new way. In addition to renting a hotel room or home share for a faraway vacation, Recharge CEO Manny Bamfo thinks consumers might also need lodging closer to home. “The bottom line is that...
In Colonial America, travelers needed a place to sleep. But there were not many lodging establishments: So, some Americans opened their homes to travelers seeking to get some rest. Americans opened their homes once again to earn some much-needed income during the Great Depression. Following...
There’s little doubt that the home share sector is beginning to boom globally among business travelers, with millennials adopting the practice at a greater rate than their older counterparts (as millennials are wont to do). For their part, Rakuten recently made a major investment in...
May 03, 2019
With slowing growth in the company’s Vrbo short-term rental business, Expedia Group Inc. missed estimates for its first-quarter revenues. The travel company’s sales were $2.61 billion compared to the Street’s estimates of $2.69 billion, Bloomberg reported. Vrbo’s revenue growth was 14 percent compared to 20 percent last quarter. In addition, gross bookings reached $4.16 billion (a 5 […]
