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Tag: airbnb

Retail Asia26/04/2019
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Research

Online reviews are terrible and useless

10min0
Online reviews sound good in theory. In practice, however, they don’t work so well. Reviews were initially important as proxies of trust for e-commerce businesses, but they have now well and truly spilled over to bricks-and-mortar businesses, where the weakness of the review system is being amplified as some consumers have figured out how to […]
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Retail Asia04/01/2019
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Living

Vietnamese Airbnb startup raises $3 mln from venture capitalists

5min0
Vietnamese homestay platform Luxstay has raised $3 million from CyberAgent Ventures and other foreign investors in its bridge round. Representatives of Luxstay, the Vietnamese homestay booking start-up, said the total capital raised could rise to $5 million as negotiations are still ongoing with interested investment funds. CyberAgent Ventures (CAV), a Japan based investment firm specializing […]
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Retail Asia12/10/2018
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Living

Airbnb looms as major threat to HCMC hotels

3min0
Hotel and serviced apartment tariffs outside the city center are leveling off and on the brink of declining as a result of competition from apartments leased on Airbnb and others. CBRE’s senior director, Duong Thuy Dung, said since 2016 a total of nearly 100,000 apartments have been built and sold in Saigon, and a large […]
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Retail Asia02/05/2018
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Living

Hotels share golden sparkle with Airbnb

5min
Room rates in hotels and guest houses during the Labour Day “mini Golden Week” are not as expensive in comparison to past figures due to competition from Airbnb listings. Hong Kong had a busy weekend ahead of tomorrow’s Labour Day and saw a 9 percent rise in the number of mainland visitors on Saturday compared […]
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Retail Asia01/02/2018
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Living

First full year of profitability for Airbnb

3min0
Airbnb announced it generated earnings of about $100m in 2017 while bookings grew around 150 percent, in a streak of profitability that marks a contrast with heavily lossmaking peers such as Uber and Lyft. The 2017 year marks the first full year of generating income for the San Francisco-based company, which became profitable in the […]
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Retail Asia13/12/2017
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Living

Airbnb pushes back on Singapore’s tough home rental rules

6min0
Short-term home rental service Airbnb on Friday called Singapore’s regulatory framework “untenable” as authorities said they planned to hold discussions with home-sharing platforms and resident groups soon on how such accommodation may be allowed. The reaction by Airbnb to the latest regulatory hurdle came amid its efforts to work with authorities around the world keen […]
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Retail Asia31/05/2017
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E-Tailing

Airbnb eyes expansion in Indonesia

2min0
Global hospitality marketplace Airbnb will expand its business in Indonesia as it considers the country to be one of the most important markets in the Asia-Pacific. Airbnb’s country manager for Southeast Asia, Hong Kong, and Taiwan, Robin Kwok, said that Indonesia is one of the fastest growing countries in terms of inbound travel, with nearly 38,000 local homes currently listed on its rental […]
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Retail Asia18/01/2017
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Fashion

Authenticity listed as top consumer value

2min0
Authenticity is the standout consumer value this year, according to market research company Euromonitor International’s Top 10 Global Consumer Trends for 2017 report. It cites such examples as AirBNB’s Guidebooks feature, which lets owners share local information, food apps that help consumers know more about what they are buying, and tour companies that promote “unplugged” […]
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Retail Asia02/02/2016
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E-Tailing

Smartphones outpace tablets in Asian eCommerce

3min
For the first time, 34 per cent of browser-based online transactions globally are now made on a mobile device, compared to slightly more than 30 per cent last quarter. And smartphones are starting to outpace tablets. These were key findings of the fourth quarter edition of the Mobile Payments Index by Global payments technology company […]
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