Original article by Larry Schlesinger
The Australian Financial Review – Page: 31 : 12-Feb-18
Stephen Holmes, the CEO of hospitality company Wyndham Worldwide, believes that the impact of accommodation-sharing platform Airbnb on the hotel sector has been overexaggerated. When it comes to the question as to whether Airbnb has been the biggest factor behind the recent consolidation within the global hotel sector, Holmes suggests that a more important factor has been the growth of online travel agents like booking.com and Expedia.
WYNDHAM WORLDWIDE CORPORATION, AIRBNB INCORPORATED, BOOKING.COM BV, EXPEDIA INCORPORATED, MARRIOTT CORPORATION, STARWOOD HOTELS AND RESORTS WORLDWIDE INCORPORATED, ACCOR SA, MANTRA GROUP LIMITED – ASX MTR, HOTELS.COM, CENDANT CORPORATION, RAMADA INNS PTY LTD, SUPER 8 MOTELS INCORPORATED