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Unicorns aren’t real, and neither are some valuations.
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 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.