{"id":15197,"date":"2013-07-29T09:31:32","date_gmt":"2013-07-29T16:31:32","guid":{"rendered":"http:\/\/www.web-strategist.com\/blog\/?p=15197"},"modified":"2013-07-30T17:36:37","modified_gmt":"2013-07-31T00:36:37","slug":"collaborative-economy-airbnb-loved-over-traditional-hotel-brands","status":"publish","type":"post","link":"https:\/\/web-strategist.com\/blog\/2013\/07\/29\/collaborative-economy-airbnb-loved-over-traditional-hotel-brands\/","title":{"rendered":"Collaborative Economy Airbnb Loved over Traditional Hotel Brands"},"content":{"rendered":"<p style=\"text-align: center;\"><a title=\"BPI 2013 Hotels - Jowyang by jeremiah_owyang, on Flickr\" href=\"http:\/\/www.flickr.com\/photos\/jeremiah_owyang\/9381042154\/\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/farm6.staticflickr.com\/5473\/9381042154_6ddb015fe4.jpg\" alt=\"BPI 2013 Hotels - Jowyang\" width=\"500\" height=\"381\" \/><\/a><\/p>\n<p align=\"center\"><em>Above Graphic: \u00a0NetBase&#8217;s research on sentiment and share of voice in social channels finds that, while there&#8217;s more share of voice in traditional hotel brands, people prefer\u00a06-year-old peer-to-peer service Airbnb over 88-year old traditional hotel brands like Hilton. \u00a0<\/em><\/p>\n<p>Last week&#8217;s\u00a0<a href=\"http:\/\/www.nytimes.com\/2013\/07\/21\/opinion\/sunday\/friedman-welcome-to-the-sharing-economy.html?pagewanted=all&amp;_r=0\">NYT article on the Sharing Economy<\/a>\u00a0focused on Airbnb, and ties nicely to our continued research on this topic. A few weeks ago,\u00a0<a href=\"http:\/\/www.web-strategist.com\/blog\/2013\/05\/28\/collaborative-economy-airbnb-loved-over-traditional-travel-sites\/\">we compared collaborative economy startup Airbnb to traditional travel booking sites<\/a>, and Airbnb out-shined the traditional market. \u00a0NetBase (<a href=\"http:\/\/www.altimetergroup.com\/services\/client-list\">a client<\/a>) provided me a slice of their data from the Brand Passion Index to show how consumers who use social media feel about Collaborative Economy startups Airbnb and\u00a0<a href=\"http:\/\/www.onefinestay.com\/\">OneFineStay<\/a>\u00a0(high-end p2p travel experiences) compared to traditional hotel brands. \u00a0The size of the circle reflects the quantity of discussions in the social sphere. \u00a0The location determines the sentiment. \u00a0Remember, this isn&#8217;t my study, nor did I cut the data. \u00a0It was provided to me by\u00a0<a href=\"http:\/\/www.netbase.com\/\">NetBase<\/a>. \u00a0If you would like to get more information about their study, please contact CMO,\u00a0<a href=\"https:\/\/twitter.com\/lisajoyrosner\">Lisa Joy Rosner<\/a>.<\/p>\n<p><strong>Findings: \u00a0Startups Have Smaller Share of Voice, But Are &#8220;Loved&#8221; More Than Traditional Hotel Brands<\/strong><\/p>\n<ul>\n<li><strong>Poster Child, Airbnb, &#8220;Loved&#8221; by the Crowd. \u00a0<\/strong>The runaway winner on brand passion is Airbnb, which falls into the &#8220;Love&#8221; category and has about half the diameter of either Four Seasons or Hyatt. \u00a0This company allows the crowd to act like a hotel as guests stay at local neighborhoods, homes, and rooms as a friend would. \u00a0This personalized, local experience is difficult to replicate at larger hotels which must cater to efficiency and consistency of experience.<\/li>\n<li><strong>Boutique Startup OneFineStay Has Small Footprint, But Is Also &#8220;Loved&#8221;<\/strong>. \u00a0Collaborative Economy startup, OneFineStay, which enables hosts to rent out their multi-million dollar homes to those who want to live a life of luxury, has a small-brand footprint in terms of quantity in share of voice, but has strong positive brand sentiment in the &#8220;Love&#8221; category.<\/li>\n<li><strong>Four Seasons and Hyatt Have Healthy Market Positions.<\/strong>\u00a0\u00a0Both Four Seasons and Hyatt show a moderate share of voice, but are in the &#8220;Love&#8221; quadrant, although they are closer to the neutral spot. \u00a0They must continue to grow their positive online sentiment or they risk moving towards the center axis or crossing into the negative sentiment quadrants.<\/li>\n<li><strong>Marriott And Sheraton Grouped in &#8220;Like&#8221;.<\/strong>\u00a0\u00a0Both brands indicate healthy word of mouth. \u00a0Both sit in &#8220;Like&#8221; category, although about one-third of Marriot&#8217;s share of voice is in the &#8220;Dislike&#8221; category. \u00a0They must continue to bolster guest experience and encourage customers to talk about their positive experiences or risk continued negative or nearly neutral brand sentiment.<\/li>\n<li><strong>Hilton Holds Greatest Share of Voice, But Most Negative Sentiment. \u00a0<\/strong>Hilton has the greatest share of voice online, but over half is &#8220;Dislike&#8221; content, not positive sentiment. \u00a0Hilton must evaluate its broader customer experience strategy and double down on social marketing to populate positive customer sentiment. \u00a0In this brand set, it&#8217;s the only one with a large negative sentiment.<\/li>\n<\/ul>\n<p><strong>Six-Year-Old Airbnb Getting Rapid Adoption<\/strong><br \/>\nWonder how fast Airbnb is growing? \u00a0Here are some key quotes with stats: \u00a0&#8220;<em>Tonight we have 140,000 people around the world staying in Airbnb rooms. \u00a0Hilton has around 600,000 rooms. \u00a0We will get up to 200,000 people per night by peak this summer<\/em>.&#8221; \u00a0Airbnb has 23,000 rooms and homes listed in New York City alone, and another 24,000 in Paris. \u00a0Worldwide, &#8220;<em>we have listings in 34,000 cities and 192 countries<\/em>,&#8221;\u00a0(<a href=\"http:\/\/www.nytimes.com\/2013\/07\/21\/opinion\/sunday\/friedman-welcome-to-the-sharing-economy.html?_r=0\">NYT<\/a>, July 2013). \u00a0Also,\u00a0&#8220;<em>On New Year&#8217;s Eve alone, 141,000 people worldwide stayed at an Airbnb<\/em>. \u00a0<em>In single-occupancy terms, that&#8217;s almost 50% more than can fit in all the rooms in all the hotels on the Las Vegas Strip. \u00a0To be sure, those figures still pale next to the entire U.S. hotel industry, which according to research firm STR, sold 1 billion nights alone between January and November 2012<\/em>.&#8221;\u00a0<a href=\"http:\/\/www.forbes.com\/sites\/tomiogeron\/2013\/01\/23\/airbnb-and-the-unstoppable-rise-of-the-share-economy\/2\/\">Forbes<\/a>, Jan 2013. \u00a0 Read all the stats I&#8217;m curating on the\u00a0<a href=\"http:\/\/www.web-strategist.com\/blog\/2013\/07\/27\/collaborative-economy-industry-stats\/\">Collaborative Economy Stats Page<\/a>\u00a0of this aggregation page. \u00a0I want to add that I visited Airbnb&#8217;s brand new headquarters in San Francisco last week. \u00a0It&#8217;s going to be quite the hub!<\/p>\n<p><strong>Hotel Brands Must Understand and Embrace Collaborative Economy Business Models<\/strong><strong><br \/>\n<\/strong>Rather than fight the collaborative economy, hotel brands should instead study the new business models and enable this changing behavior within their own customer base. \u00a0We&#8217;ve identified new business opportunities for hotels, including partnering with these startups or enabling their own marketplace of guest homes for rent, backed by their own brand, supply chain, and even supplying trusted customers from their own loyalty programs. \u00a0Read the following post:\u00a0<a href=\"http:\/\/www.web-strategist.com\/blog\/2013\/07\/22\/the-six-scenarios-for-hotels-to-address-the-collaborative-economy\/\">The Six Scenarios for Hotels to Address the Collaborative Economy<\/a>.<\/p>\n<p>At a broader level, the crowd is starting to get what they need from each other   bypassing the big corporations. \u00a0Rather than fighting this movement, hotel brands need to become more collaborative and bring the crowd closer before they go away.\u00a0 The data indicates that the crowd is getting what it wants from within itself   not corporate hotels   and the crowd is &#8220;Loving it.&#8221;<\/p>\n<p>Update: I&#8217;m <a href=\"https:\/\/www.facebook.com\/JeremiahOwyang\/posts\/10151580499506523\">hosting a conversation about this post on Facebook<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Above Graphic: &nbsp;NetBase&rsquo;s research on sentiment and share of voice in social channels finds that, while there&rsquo;s more share of voice in traditional hotel brands, people prefer&nbsp;6-year-old peer-to-peer service Airbnb over 88-year old traditional hotel brands like Hilton. &nbsp; Last week&rsquo;s&nbsp;NYT article on the Sharing &hellip; <a href=\"https:\/\/web-strategist.com\/blog\/2013\/07\/29\/collaborative-economy-airbnb-loved-over-traditional-hotel-brands\/\" class=\"more-link\"><span>Continue reading<span class=\"screen-reader-text\">Collaborative Economy Airbnb Loved over Traditional Hotel Brands<\/span><\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[198],"tags":[],"class_list":["post-15197","post","type-post","status-publish","format-standard","hentry","category-collaborative-economy"],"_links":{"self":[{"href":"https:\/\/web-strategist.com\/blog\/wp-json\/wp\/v2\/posts\/15197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/web-strategist.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/web-strategist.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/web-strategist.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/web-strategist.com\/blog\/wp-json\/wp\/v2\/comments?post=15197"}],"version-history":[{"count":0,"href":"https:\/\/web-strategist.com\/blog\/wp-json\/wp\/v2\/posts\/15197\/revisions"}],"wp:attachment":[{"href":"https:\/\/web-strategist.com\/blog\/wp-json\/wp\/v2\/media?parent=15197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/web-strategist.com\/blog\/wp-json\/wp\/v2\/categories?post=15197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/web-strategist.com\/blog\/wp-json\/wp\/v2\/tags?post=15197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}