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According to Airbnb representatives, there are 9,200 projected guest arrivals — a 128 percent increase compared to the same period last year — in greater Phoenix. The typical price for a booked night in Phoenix this weekend is $94, and in Glendale, where the games will be played at University of Phoenix Stadium, the average price is $110. The top origin cities for inbound guests are, in order: New York, Seattle, Portland, Chicago, Los Angeles, Phoenix, Denver, Tucson, Calgary, San Jose.
Expedia (EXPE) is higher Monday, helped by an upgrade from Macquarie. Analyst Tom White boosted his rating on the stock to Outperform from Neutral and raised his target price to $144 from $123. He writes ...
Expedia Inc. is transitioning HomeAway’s business model a year after buying the Texas-based vacation rental company for $3.9 billion. HomeAway used to make money by charging subscription fees to owners or managers of vacation rental properties. Expedia is switching the Airbnb competitor to a transaction-based model by charging travelers a fee when they book a rental and charging property managers a commission fee for the listing.