Before beginning this exercise, you will need to read the Airbnb case. You will also need to review concepts in Chapter 1. The following questions will be covered in this exercise: How would you illustrate and compare the business models for Airbnb, large hotels chains such as Marriott and Hilton, and bed & breakfast operators? Use the example chart in the textbook for business models as a guide (Concepts & Connections 1.1). What are the general strengths and weaknesses of large hotel chains such as Marriott and Hilton, bed & breakfasts, and Airbnb? Explain how you would compare and contrast those businesses. In what ways has the lodging consumer changed, and how does Airbnb’s customer value proposition meet this change? What key factors may determine the success or failure of Airbnb? What recommendations would you make to Airbnb to improve its competitiveness in the accommodation market while mitigating any current and future

Airbnb doesn't claim any rooms itself anyway it offers a mechanical stage for posting and dealings with local homes.  

Huge Hotels  

Obliging visitors in single or numerous rooms with additional pleasantries like spa offices and fine taking care of.  

Properties offering tremendous perspectives, reinforcing a building as a result of the excursion goal.  

Bed and Breakfast  

They're close to nothing, normally any place proprietor administrators offered a couple of rooms inside their own habitation to oblige visitor. Offering bed and breakfast with pleasant pull in and feeling for the visitors' expertise._ a few square measure in rustic regions, or with recorded foundation.  

Airbnb, mammoth lodgings like Marriott and Hilton and bed and breakfast contradict inside and target customer. Airbnb associates hosts and explorers and encourages the technique for leasing without owning any rooms itself; though goliath inns and bed and breakfast were dependent upon town, state, and government rules  

Answer 2:  

Enormous inns  

Quality  

Put vigorously in additional luxuries they vied for all sections in voyagers: on premise spa offices and fine taking care of.  

Moreover give dynamite sees, supporting a building as a result of the get-away goal.  

Quicker access to the roadways and parkways  

Shortcoming  

Higher worth - Tax and guideline customer inclination is moving from concentrating on possession to sharing/leasing to abstain from squandering their cash: "Goldman Sachs study indicated that once someone utilized Airbnb, their inclination for customary convenience was significantly decreased"  

Quaint little inns  

Quality  

Give an extra altered, calmer environment Rural area (as an upper hand since colossal building could esteem restrictive)  

Will cut a huge amount exertion or leasing a property to be utilized for business  

Shortcoming  

A confined assortment of rooms = constrained measure of deals  

Absence of administrations, breakfast decisions are frequently mounted or confined  

Airbnb  

Quality  

Customer inclination is moving from that spend significant time possessing sharing/leasing.  

Strong and huge inns are utilizing Airbnb's foundation  

Shortcoming  

Doesn't have protection to cover paying visitors  

Relies vigorously upon the standard that the hosts convey  

Answer 3:  

Rather than that have some expertise under lock and key like inside the old economy, customers gave the impression to lean toward sharing or exchange from extravagance watches to wear, vehicles, houses, living arrangements and afterward on. Not owning-resources gave the impression to air the expansion. They have to want a network and a more inside and out relationship with the host and there to be support for this affirmation.  

Answer 4:  

Key factors that affirm the accomplishment of the Airbnb zone unit their plan of action that upheld trust, believability, and straightforwardness towards visitors and local hosts.  

By the start, Airbnb has been working during a house unremarkable allude due to the "sharing economy". Airbnb gives stage any place administrations territory unit offered, and requests region unit met through a companion surveyed advanced commercial center. By contributing the ever-present utilization of cell phones and hence the mainland decline in innovation esteem, Airbnb gave a stage to individuals UN office in a split second offer an assortment of assets. The individual will just registration through the stage and offer the support. The business is developing at a considerable rate together with partner degree 850 million cash implantation in 2016 that raised its measurable valuation to thirty billion.  

Answer 5:  

I will see a splendid route forward for Airbnb by being one of the pioneers inside the sharing economy. Hosts, visitors, and Airbnb themselves all will enjoy the Airbnb stage. Anyway disdain what goes close to this opportunity, they're despite everything confronting shifted current issues and future dangers:  

Customer Services: hosts and visitors region unit having one issue: trust. In spite of the way that Airbnb has given a scoring framework to each host and visitors, notwithstanding, these surveys might be problematic because of visitors may audit for themselves and opponent conjointly, accordingly, it may affect the host's name. Predictable with prof Dolnicar at UQ graduate school, "this framework rewards reasonable host and reasonable visitor conduct and rebuffs risky host and hazardous visitor conduct. Once more, this can be profoundly totally not quite the same as anything inside the old settlement advertise.  

Unwaveringness Program: Airbnb exclusively charges any low managing expense as a result of the administration among hosts and estimate for each reserving, be that as it may, Airbnb doesn't give advancement to steadfast hosts and visitors.

one of the appeals of a sole proprietorship is that business expenses are kept separate from your personal income tax return