THE TRAVEL INDUSTRY’S TRUSTED VOICE
Sojern data offers a glimpse of long-haul travel
for U.S. and European travelers in 2016. 36
IN OTHER NEWS:
Zika advisory: Another headache for Rio … 6
Here, for the illumination of suppliers, is a
tick-tock of a typical Wednesday. 37
[ GROWING MUCH FASTER THAN HOTEL NEWBUILDS ]
Report: Airbnb rentals now 9%
of room inventory in major cities
By Danny King
Airbnb accommodations now account for 9% of the total lodging
units in the 10 largest U.S. markets
and appeared to be adding units at
a substantially faster clip than the
U.S. hotel industry, a new study has
The new data, in a report released last
week by CBRE Hotels (formerly PKF Hospitality), suggests stiffer-than-expected competition for developers of new hotels in major
markets such as New York, Los Angeles and
In New York, Airbnb units accounted for
almost 23,000, or about 16%, of the 140,000
total lodging units (hotel and Airbnb inventory combined) as of September, the most
recent month tracked in the study.
The CBRE study found that Los Angeles’
13,000 Airbnb accommodations accounted
for 12% of that city’s lodging units, while
San Francisco and Miami Airbnb units comprised 11% and 9.2% of those cities’ lodging units, respectively. For the study, CBRE
culled data from both STR and Airdna,
which provides data to vacation rental entrepreneurs and investors.
Airbnb’s presence was also reflected in
revenue numbers. For the 12 months ended
September 2015, revenue generated by Airbnb hosts equaled almost 6% of hotel-room
revenue in Los Angeles, while in New York,
Austin, Oakland and San Francisco Airbnb
revenue equaled about 5% of hotel revenue.
Perceptions and a Mexican pragmatist
By Arnie Weissmann
Enrique de la Madrid’s first career
was as a banker, and it clearly in-
forms his approach to his current
job as Mexico’s secretary of tourism.
“The private sector moves the economy,
worldwide,” he said in a far-ranging conversation we had in
the New York office of the Mexico Tourism Board (MTB) last week. “It is not
for us to run hotels, roads, marinas and airlines. It is for us to work closely with the private sector, both Mexican and foreign, to create the atmosphere to promote investment.
That is the only way for the economy and
employment to grow. It’s as simple as that.”
Yes, but … Zika? El Chapo? Security?
De la Madrid said that when he took the
job, he viewed it in almost purely economic
terms, but his thinking has evolved.
“I saw [tourism] as an economic engine,
one of the most important economic engines
in Mexico,” he said. But people corrected
him, he said, pointing out its diverse expressions: cultural, recreational, religious, gastronomic, historical and natural attractions.
And, as he
came to find
about issues unrelated to tourism can impact
its economic momentum.
Over the course of an hour, he answered
all my questions related to how the Mexico
that some Americans read about and see in
the news can appear to be at odds with the
Mexican vacation experience. His answers,
See MEXICO on Page 10
See AIRBNB on Page 40
WWW.TRAVELWEEKLY.COM FEBRUARY 8, 2016
Visit Florida’s Paul Phipps on the state’s fifth
straight year of record numbers of visitors. 4
Curtis Stone’s Share is but one of several new
dining options on Princess’ refitted ship. 31
MGM Grand is betting that golf and the Strip
are as complementary as gin and tonic. 22
If you buy an agency’s assets, you do not have
to assume any contracts you don’t want. 14
Organizations like YTB and WorldClass Travel Network
are not the threat to the trade that they were
a decade or so ago, but MLMs still walk among us.
BY JAMIE BIESIADA PAGE 16
FROM THE WINDOW SEAT