Tom
Well-known member
- Joined
- Oct 11, 2009
- Messages
- 927
- Reaction score
- 66
The past few years our revenues have held steady: holding our own despite a lot of high end hotel construction and the arrival of Airbnb in the area. This year Air hit hard, and our revenues are down 25% ;-( Personally, I don't mind a little slowdown, but this is a bit too much.
For the most part, I don't see this is a result of increased direct competition -- I estimate that about 20% of transient lodging rooms here are on Air and HomeAway and the rest hotel/motel, but we are nicer than most Air offerings. I see the drop resulting from a major change in how travelers in our demographic look for alternatives to traditional hotels. Before, if you didn't want a hotel, you'd look for a B&B. We used to have a few local B&B, but over half the B&B here when we opened 9 years ago are gone. Real B&B are few and a search for "B&B" is just as likely to show chain motels, so the traveler looks to Air and we're not there.
Last few years, our guests would have heard of Air, but never tried. Now they have tried (and usually have had some really sketchy experiences): it's on their radar. I am beginning to hear "airbnb" used as a generic for B&B, the way Kleenex and Xerox became generic titles. A local realtor visiting our 8000 sf, 5 king bed, fully ensuite Inn told me "you have a really nice airbnb" (bite tongue).
I'll probably have to sign up, particularly as Air seems to be moving to accommodate professional B&B as well as the usual residential style. And work on the web site, and join an allocator, and ...
For the most part, I don't see this is a result of increased direct competition -- I estimate that about 20% of transient lodging rooms here are on Air and HomeAway and the rest hotel/motel, but we are nicer than most Air offerings. I see the drop resulting from a major change in how travelers in our demographic look for alternatives to traditional hotels. Before, if you didn't want a hotel, you'd look for a B&B. We used to have a few local B&B, but over half the B&B here when we opened 9 years ago are gone. Real B&B are few and a search for "B&B" is just as likely to show chain motels, so the traveler looks to Air and we're not there.
Last few years, our guests would have heard of Air, but never tried. Now they have tried (and usually have had some really sketchy experiences): it's on their radar. I am beginning to hear "airbnb" used as a generic for B&B, the way Kleenex and Xerox became generic titles. A local realtor visiting our 8000 sf, 5 king bed, fully ensuite Inn told me "you have a really nice airbnb" (bite tongue).
I'll probably have to sign up, particularly as Air seems to be moving to accommodate professional B&B as well as the usual residential style. And work on the web site, and join an allocator, and ...