Essay: Airbnb's Impact On American And European Hotel Industry.

How Airbnb impacts the hotel industry of American and European countries and why people choose the service of Airbnb over others?

General Background of the Topic

The main topic is about the travel company called Airbnb, which is mainly associated with giving a lot of facilities to the overall travellers, and thus it is creating a massive impact on the American as well as the European hotel industry (Dominici & Guzzo, 2010). If a closer look is taken, then it can be understood that a very cheap rate along with good amenities is the secret behind so many people wanting this particular organisation to suit the travelling needs.  

The main points related to the proposal consists of a complete understanding of the background of the topic, the significance of the topic, and the area of research. After that, the methodology of the research is discussed in great detail that consists of the primary and secondary research techniques, ethical methods as well as the summary of main points in the tabular form (Tajeddini, 2010). The last part consists of the inference as well as the recommendations for future development.

The primary aim of the proposal is to find out the impact within the hotel industry of America as well as the European countries in regards to the Airbnb Company (Yoo & Lee, 2011). The company has already created severe impact by giving cheaper rates and good amenities. The aim is to find out the extent of this impact, and how the other businesses are getting affected by it.  

The entire problem statement of the topic revolves around the hotel industry facilities given by Airbnb that it offers multiple types of choice to the tourists, and provides several kinds of services to the travellers by online sources. The facilities that mainly attracts the tourists to choose such hotels are low costs, excellent amenities, and a local exposure along with a good location (Chand, 2010). Thus, the conventional hotels in the entire America and European market. Thus, the present research is trying to find out the secret of this business, and ensure that such changes can even be implanted in the other hotel industry in order to increase the overall performance of every hotel industry (Ö?üt & Onur Ta?, 2012). So, the present research takes the help of primary and secondary research to find out the same.

This topic is relevant for the research from many angles. Mainly, the research revolves around a company called Airbnb, which is an online promoter related to the hotel industry and gives the best of facilities to all the travellers (Line & Runyan, 2012). So, the other competitors are mainly conventional hotels who are also looking for some improvisations to build up a better future and a better exposure of their hotel. In order to do just that, research is required as to how this hotel is increasing so much popularity, and what are the strengths and weaknesses of the hotel (Pereira-Moliner & Claver-Cortés, 2012). So, as a whole, the consumer focus and the likes and dislikes of the consumers should also be understood in great detail.

Outline

The hotel industry is a very booming industry nowadays that makes the research more relevant in the market. Many conventional hotels are present in America and all across the Europe, and the hotel industry is suffering some losses because most of the travellers are choosing the Airbnb hotels because it allows the facility of online choice of amenities, and also allow the online transaction and a perfect digitalization (Shaw & Bailey, 2011). Along with that greater amenities are given, and the cost is comparatively lower. So, this research is quite important for understanding the extent of this hotel’s popularity, and how the popularity of other conventional hotels can be increased in order to keep every business up and to run.

The feasibility of the research lies mainly in the procedure where the primary, as well as the secondary research technique, is mainly used for performing the research work. The research consists of a certain questionnaire with options that would be given to the people who are participating in the research (Yang, 2010). Naturally, it would bring some ideas about the present topic, and the secondary research is already done in the literature review section. The overall research would be analysed, and an inference would be drawn pertaining to the research, which would speak about the conditions of further improvement of the scenario as well.

The points or arguments that would be discussed throughout the research are those conditions that are creating a demand for the Airbnb hotel chain in the travel industry. Moreover, it would also discuss the loopholes pertaining to the conventional hotels, and why such loopholes are into existence (Pechlaner & Volgger, 2012). It would also look forward to the fact whether the promotional activities and the strategies used by Airbnb hotel can be used in other conventional hotels or not. The digital benefits, as well as the digital promotions of the Airbnb hotel, is also a point that is often required to be discussed in this regard.

TABLE showing a list of primary research methods used with justification:

Research ethics is a big factor in all types of researches including primary and secondary research. Here, both the research methods are used, and so, the consideration of ethical parameters must be given importance. The main aim of the research ethics is to follow the minimum amount of morals that go as far as the human ethics is concerned (Dominici & Guzzo, 2010). The first ethics of research is that no children can be taken as a participant in the research. The opinions of the children who are below 18 years of age cannot be considered as valid. Moreover, involving children in the research is also considered as a gross unethical parameter, which can get the research completely cancelled.

Purpose Statement of the Proposal

Another ethical parameter that should be involved with the research is that any participant should feel free to skip any question that one might feel embarrassing or not willing to answer. Moreover, embarrassing questions like the family income or the relationship status of a participant should not be asked during any interview (Jang & Park, 2011). Any researcher has the liberty to quit the research at any point one feels like. Moreover, the research work was completed in relation to the permission of the participant during the entire research. The prior appointment is taken over the telephone, and if the person cannot come to the venue, it is better to arrange the research online.

Another factor associated with the research ethics is that no research participant can be kept in the dark. Every participant has the right to know about why the research is conducted, and to what extent it affects a person’s daily life (Cantallops & Salvi, 2014). Moreover, the overall aim and motif of the research also need to be explained to the participant, and it should be mentioned that the research is performed for the improvement of the business. Still, if any researcher is not willing to participate, it is not ethical to force the researcher to participate in any way.

Research limitations is that section of the research that cannot be controlled by the researcher. The information that would be collected from the internet, and put in the literature review section is filled with various sorts of bias related to the author’s own opinions. These sort of biases cannot be completely taken away from the entire research (Fraj & Matute, 2015). There would be several wrong information including the deliberate lies that would be told by the participants during the course of research. Such biased information cannot be controlled in any way other than analysing the same with observations and facts.

The outcomes of the research are the improvement of hotel industry in the overall US and the European countries. It can be already expected that the special privileges given by the Airbnb hotel chain has taken the travelling industry by storm, and most of the travellers are willing to book a hotel under Airbnb (Airbnb, 2016). This research mainly aims at finding out the process of Airbnb based operations that would be useful for the other conventional hotels as well. It would bring out the loopholes of the conventional hotels, and it would also bring out the prime factors responsible for success in the hotel industry.

Problem Statement of the Topic

The individual reflection about the research consists of understanding the basic concept of the hotel industry, and the main reason for Airbnb hotel chain to be successful in the market. After the research, the personal feeling was that of satisfaction, and it is completely in relation to the overall hotel industry (Nieves & Segarra-Ciprés, 2015). Hotel industry is a good industry on an overall basis, and a very profitable industry as well. However, the profit related to the hotel industry is completely at sixes and sevens in the American and European market mainly due to the advent of this newbie hotel chain called Airbnb.

It was a great feeling after considering that the entire research work was made successful after considering the same from a business point of view. The hotel industry was being made clear after the research, and the research work was completely related to the very notion of the improvement of the conventional hotel industry after comparing all of them with a newbie business cynosure called the Airbnb (Airbnb, 2016). So, the entire research is concentrated on a particular company and its personal strengths and loopholes that become amazing to any researcher because it’s a different forte.

Conclusion and Recommendations:

The entire inference of the overall project is concentrated on the Airbnb, which is a new hotel chain and is dominating the American hotel industry as well as the European hotel industry on an overall basis (Airbnb, 2016). Doing its promotional activities mainly online, it’s completely quite justified in doing research on its overall impact on the business as well as the kind of advantages the other conventional hotels are having.

The final thoughts about the research are that the whole research is based on a particular company and the impact that company creates on a vast industry. Though it might sound like an interesting research, yet is completely revolving around the hotel industry (Yoo & Lee, 2011). The entire research follows the contemporary research methods that consisted of both primary as well as the secondary research.

Further research might be conducted on an overall improvement in the hotel industry, and promoting the travelling packages online. Online promotion is a sector that is quite a lot in vogue these days, and it can completely create a huge market for any hotel industry (Verma & Stock, 2012). The other conventional hotels should also observe newbie methods of selling the tour packages along with the help of a certain amount of innovation in the entire field.  

Significance and Justification of this Research Project

References

Airbnb, 2016. Airbnb. [Online]
Available at: https://www.airbnb.co.in/
[Accessed 14 7 2017].

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