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Airbnb On the Defensive in Biggest Markets

Airbnb’s short-term rentals are being scrutinized in markets across the country, such as Santa Monica, Calif., where a landlord became one of the first hosts in the U.S. to be convicted for renting out units illegally on the platform. Airbnb ...

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Trivago Plans to Raise $428 Million in IPO

Travel search engine giant Trivago plans to raise $428 million in an initial public offering to tentatively take place around Dec. 15. The offering would be priced between $13 to $15 per share, putting the company’s value at about $5 ...

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Pipeline Growth Continues in Houston and Dallas

With 169 projects/19,885 rooms in the total construction pipeline, Houston has the second largest pipeline in the country, following New York City, according to Lodging Econometrics. Of all markets, Houston has the most projects scheduled to start construction in the ...

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Trump Reportedly Eyed Cuban Hotels

President-elect Donald Trump was considering buying hotels in Cuba as recently as six months ago, according to the executive chairman of Grupo Iberostar. This is surprising, as it runs counter to Trump’s intentions to reverse President Obama’s moves to reopen ...

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Airbnb Settles Rental Lawsuit Against NYC

Airbnb has settled its lawsuit against New York City over a new law that imposes hefty fines on hosts who advertise illegal short-term rentals. Airbnb had voiced concerns that the law could expose online platforms like itself to significant penalties, ...

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Hilton Board Approves Spin-off of Park and HGV

Hilton Worldwide Holdings today announced that its board of directors has approved the distribution to its shareholders of all of the outstanding shares of Park Hotels & Resorts, which will become the holder of a portfolio of hotels and resorts ...

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