How Airbnb Is Attacking the Hotel Industry

The video discusses how Airbnb offers significant savings compared to hotels, especially during peak times like July 4th. It highlights Airbnb's value for families, providing amenities like kitchens and Wi-Fi. The video also addresses Airbnb's competitive strategy against the hotel industry, which uses tactics like compression nights to increase prices. The discussion includes a quote from a hotel industry representative acknowledging Airbnb's impact on their pricing strategies.

What was the estimated savings for families using Airbnb over July 4th this year?

• $150 per night

• $200 per night

• $100 per night

• $50 per night

Which of the following is NOT mentioned as a benefit of staying in an Airbnb?

• Washer and dryer

• Access to a kitchen

• Free parking

• Free Wi-Fi

What is the main reason the narrator discovered Airbnb?

• Business travel

• Romantic getaway

• Family travel

• Solo adventure

What term is used to describe the hotel industry's strategy to limit supply and increase prices during busy periods?

• Peak pricing

• Compression nights

• Dynamic pricing

• Surge pricing

Why is the hotel industry concerned about the rise of Airbnb, according to the transcript?

• Airbnb offers more luxurious accommodations

• Airbnb impacts their ability to increase prices

• Airbnb has more locations

• Airbnb provides better customer service