Airbnb Case Study Globalization
3. Globalization
Throughout the last decades, globalization became a real phenomenon, but history tells us that it is actually not a new social, historical phenomena, but has, under different names and manifestations, been with us for a long time. It is actually not only the continuation of the liberalization of international trade, which began in the mid-19th century with the launch of cross-border trade over long distances and later with intensive large-scale mobility of labor and capital. During capitalism, globalization has amplified due to the lust for profit, which is driven by capitalists across the globe. Indeed, globalization has significantly strengthened ever since. Today it is almost impossible to talk about goods produced in a
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What is Airbnb?
The main feature in the case of Airbnb as a multinational corporation is the corporate form of ownership and organization of property of shareholders from different countries. Their economic unity of action constitutes a single development strategy with centralized marketing, financial and the development function which is before the exchange company. It is also characterized by the distribution of production capacities on the territory of several countries where more and more specialization is offered in Europe and Asia.
Airbnb was established in 2008 in San Francisco, California, by its founders Joe Gebbia, Brian Chesky and Nathan Blecharczyk, who were not able to find any free rooms in a hotel while attending a conference. As a consequence of that, the idea to offer private rooms online emerged, where clients could book them easily via their smartphone, tablet or computer. ‘On one side the platform enables people to list their available space and earn extra income in the form of rent. On the other, Airbnb enables travelers to book unique home stays from local hosts, saving them money and giving them a chance to interact with locals. Catering to the on-demand travel industry, Airbnb is present in over 190 countries across the
P1 Explain The Purpose Of Confirming Instructions And Requirements For Business Travel And Accommodation
138 Words | 1 PagesExplain the purpose of confirming instructions and requirements for business travel and accommodation The main purpose of confirming the details of any bookings made to the person are to ensure that they are aware of the arrangements you have made on their behalf and that if there is anything wrong these can hopefully be changed before the date of travel. Giving the person the details of where they are going, staying and the method of transport and times of travel. If you check back with the person then you are less likely to make an error when booking (which could be costly if you get it wrong, as incorrect bookings are often not refundable). This gives them all the key information they need to then plan or prepare for their journey, as everything
Petsmart's Strategic Plan
885 Words | 4 PagesAnother example is e-commerce. Fifteen years ago, shopping online basically did not exist. The environment
Case Study: A Good Airbnb Cleaning
1512 Words | 7 PagesIntroduction - If you’re an aspiring Airbnb host, it is of paramount importance that you ensure all your renters are comfortable in their temporary lodgings. That means making sure the listed property is warm, secure, and, above all else, clean. Keeping your rental property clean can be a difficult task, especially as some travelers can be a tad more careless than others, but it must be done if you are to satisfy clients and maintain a good reputation on Airbnb. In order to help you keep your tenants comfortable for the duration of their stay, I have prepared this list of some of my top tips for maintaining a tidy Airbnb space.
What Is The Problem Related To The Globalization Of Vanport
925 Words | 4 PagesWithin the city of Portland, Oregon (and its surrounding areas, including: Hillsboro and Vancouver) globalization occurs in various ways, particularly in connection with global exportation. In 2016, Portland exported a total $21.75 billion [1] in goods to overseas buyers, with the three largest sources of exportation coming from the sales of computers and electronics, agricultural products, and lastly, non-electronic machinery. In fact, according to the International Trade Administration, Portland and surrounding areas rank at number seventeen among Metropolitan Area Exporters, according to export value. [2] Along with being ranked as one of the top twenty exporters among metropolitan areas here within the United States, Portland has been repeatedly
Airbnb's Economic System
1277 Words | 6 PagesGeron (2013) goes as far as to say [setzt noch einen drauf so öppis ide art meini da ] that Airbnb provides its participants with liberty, power and independency. The principles discussed in Chapter 3 can be divided into two interconnected categories. The Microeconomics deals with the decision-making as well as the interaction of firms and households on a market
Alphabet Soup
1531 Words | 7 PagesQuickly creating a website for renting airbeds during the event, Airbnb was able to get their first customer and show market demand for their product. This model of using an minimum amount of funding to prove an idea, usually through personal savings or a “friends and family” round, is becoming increasingly popular in the valley. Due to the simplicity of testing startup ideas, investors are now able to focus their funds on ventures that have real demand, allowing them to have higher returns for their time and money. When compared to the dot-com bubble, where companies were first funded before ideas were proven, the new system has
External Environment Analysis Of Airbnb
1609 Words | 7 Pages1. Introduction of Airbnb Airbnb is an online platform where people can list and book their accommodations all around the world. It is founded by Nathan Blecharczyk, Brian Chesky and Joe Gebbia in the year of 2008 in California. The types of accommodations offered in Airbnb vary from an apartment, a villa, a castle to even a tree house.
Who Is The Speaker In The Book Closing The Communication Gap
576 Words | 3 PagesThis is due to the communication gap between the creator and the user of a product. The communication gap keeps us further from solving important problems in our society. These are issues such as finding out what
The Role Of Disruptive Innovation In The 21st Century
1182 Words | 5 PagesHowever, despite of the high growing value, Airbnb is still facing a massive challenge in the current market. According to Bloomberg report, in 2015 Airbnb end up nearly with $900 million, but despite of the high revenue, the company is yet to make a profit. The reason behind this is that Airbnb put a lot of investment to expand more of their presence everywhere around the globe where today it has expanded its presence in over 34,000 cities across 191 countries globally. By this extreme expansion, Airbnb is projected to earn as much as $3, 5 billion in profits a year by 2020. There is a subtle fact that nobody had thought about before that is a low cost strategy only as long as you have a high cost competitor in your market.
Command Economy
794 Words | 4 PagesWe only have so much income, supplies, and utility to the point where we cannot have everything we want. There must be an alternative. The value of the alternative should be considered when choosing production methods, the cost of capital, analyzing comparative advantages, and even choosing which product to buy or how to spend
Marriott International Vs Airbnb Case Study
1094 Words | 5 PagesHaving a value of over $10 billion, Airbnb “exceeds that of well-established global hotel chains like Hyatt” (Hospitality Net). This proves that this online service is significantly surpassing these stable hotel chains that have been competing in the industry for over 60 years. Along with this, a recent report by HVS Consulting & Valuation found that “hotels lose approximately $450 million in direct revenues per year to AirBnb” (Orourke). Although Marriott International has been performing with a 45% increase in revenues from 2012 to 2016, Airbnb has definitely had an impact on the consumer perspective of traditional hotel rooms. In addition to this, hotels also lose over $108 million of food and beverage revenues as a result of guests not spending their money at the hotel’s restaurant.
Airbnb Failure
1105 Words | 5 PagesTwo entrepreneurs, who decided to rent out their apartment during a conference in San Francisco in order to be able to pay the rent they could no longer afford, founded AirBnb in 2008. Today, AirBnb offers more than 500,000 rooms, apartments, and houses in over 200 countries around the world (James). The Fast Company, a company that creates a list of leaders who are inventing the future of business, lists AirBnb as the most innovative company in travel. Therefore, AirBnb is becoming more and more of a threat to the major hotel chains but also to boutique hotel owners. According to a Barclays research report, AirBnb has already overtaken major hotel companies in terms of its valuation by investors, and its growth could outpace them in actual
Reflective Essay On Couchsurfing In China
1057 Words | 5 PagesI am a big advocate for trusting people from the very beginning. In addition, I also love to travel and to meet locals. That’s why when I traveled throughout China, I decided to try out an app called Couchsurfing. This app is like Airbnb, however, it is absolutely free and there are no expectations of you from the host. It’s all from the good of their hearts.
The Influence Of Globalization
1857 Words | 8 PagesGlobalization has been a revolutionary and beneficial change in both developed and developing states throughout the world. What globalization really provides has been a controversial topic that has been ongoing for years now. Although numerous definitions exist, it can be defined as: “a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology.” The influence of globalization at its core allows markets more freedom, while weakening restrictions from the government. What enables this is the removal of worldwide barriers which further encourages the expanding of an international economic market.
Essay On Couchsurfing
884 Words | 4 PagesThe internet gives individuals a tool for keeping in touch with family and friends that are in geographically dispersed locations, or when traveling and separated from support networks, while also facilitating the formation of new relations” (Rosen, Lafontaine & Hendrickson, 2011). One of this tool undoubtedly is Couchsurfing. From technical view it is a hospitality exchange and social networking website with platform for members from around the world locate accommodations while traveling by staying in the homes of other members. But from founders’ view it is a “small passion project” created for people who anywhere would want to share their homes with strangers. Couchsurfing is a global community of 10 million people in more than 200,000 cities
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