UEH UNIVERSITY

School of Foreign Languages for Economics

FINAL ASSIGNMENT
Lecture: Dr.Đinh Tiên Minh
Subject: Principles of Marketing
Student: Trần Hoàng Anh Thư
Student ID:
Class: AV004-K46

Ho Chi Minh City – 2022

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 MỤC LỤC

I. SUMMARY OF THE CASE: AIRBNB - MAKING HOSPITALITY

AUTHENTIC..............................................................................................................3
1. AIRBNB - Air Bed and Breakfast....................................................................3
2. Two million rooms – No two alike....................................................................4
3. Seeing the world as the locals do......................................................................5
4. Executing on the Promise:................................................................................5
II. SUMMARY AIRBNB’S THEORY.................................................................7
1. What is service?.................................................................................................7
2. Products, Services, and Experiences................................................................8
3. Level of products and services.........................................................................8
4. Service Marketing.............................................................................................9
a. The nature and characteristics of a Service.................................................9
5. Marketing Strategies for Service Firms........................................................10
a. The Service Profit Chain (SPC)..................................................................10
b. Services marketing categories.....................................................................11
c. Marketing Strategies For Service Firms....................................................12
6. Branding Strategy: Building Strong Brands.................................................13
a. Brand Equity and Brand Value..................................................................13
b. Brand Positioning........................................................................................13
c. Brand Name Selection.................................................................................14
d. Brand Sponsorship......................................................................................14
e. Brand Development.....................................................................................15
III. QUESTION FOR DISCUSSION...................................................................15
8-18. How do the four characteristics of services apply to Airbnb? How does
Airbnb deal with each characteristic?..................................................................15
8-20. How does Airbnb differentiate its offer, delivery, and image?..................17
8-21. How much of a threat is competition to Airbnb?.......................................18
IV. PLAGIARISM CHECKING:........................................................................19
V. REFERENCES................................................................................................20

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 CHAPTER 8: PRODUCTS, SERVICES, AND BRANDS: BUILDING
CUSTOMER VALUE

I. SUMMARY OF THE CASE: AIRBNB - MAKING HOSPITALITY

AUTHENTIC
Similar to varying service industries, standardization is always a priority
criterion that hotel firms work towards to ensure the quality of the customer
experience. Therefore, people who rent rooms through any of the major hotel
companies may be pretty confident of specific basic amenities. They will enter a 13-
by-25-foot standard room with full interiors and necessities. The artwork and décor
are fairly contemporary and luxurious, creating a vibe and a warm atmosphere for
customers that like being in their homes. Therefore, many tourists count on this
typical experience because it is safe and reduces the possibility of bad consequences.
However, this standard experience is just limited to a small range of rooms with no
feeling of newness.
1. AIRBNB - Air Bed and Breakfast
Appropriate value goals:
Thus, Airbnb was founded on the promise of a hospitality experience that is
diametrically opposed to the traditional world’s status quo. The name of the company,
Airbnb, which stands for "Air Bed and Breakfast," reflects its humble beginnings
when its co-founders allowed paying guests to stay on air mattresses in their living
rooms.
Airbnb draws customers by establishing an online community marketplace that
links people who wish to rent out space in their homes with those in need of lodging.
It brings buyers and sellers together and facilitates transactions between them. One
side needs money, and the other side needs an authentic experience. Housing costs are
reasonable and a true sense of what life is like in the place you visit are the key factors
that make Airbnb unique and valuable.
As a result, Airbnb’s unique approach towards changing traditional lodging
arrangements and integrating it with the current wave of the “sharing economy” has
been the bedrock of its success. In just eight years, Airbnb has established a massive

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worldwide network with amazing statistics, whereas the hotel business has spent
decades crafting its standardized offering. Furthermore, throughout its short history,
Airbnb has outperformed the world's largest hotel chain, the 100-year-old Hilton
Worldwide.

How did Airbnb accomplish such an incredible feat?

In the opinion of Brian Chesky and Joe Gebbia, Airbnb merely recognized that
the tourism sector had lost touch with its clients by providing only the same options—
ticky-tack rooms in sterile hotels and resorts. In the long term, it makes customers
bored with artificial green spaces - crowded. Hence, they tend to seek out ideal areas
that are closer to nature and more local.

2. Two million rooms – No two alike

Property owners who wish to rent out space on Airbnb must first register and
go through a verification process to confirm their legality. Consequently, listing a
property on Airbnb or renting one to stay in is a rather simple process. Rent listings
might include structures, such as a house, a single room, a boat, or even a tree hut,
which may qualify. Imagine it as temporary housing—a marketplace where people
can rent out their homes. Some hosts will even rent out space in their yards so that
visitors can set up camp. Each of the more than 2 million rental properties is as
distinct as its owner. Hosts set the price and other specifications for their service and
listings, and reservations can be made by the day, the week, or the month. Only 3
percent of the booking fees are retained by Airbnb; the remainder is promptly given
back to the host.
Reservation:
For visitors, the procedure is comparable to purchasing or booking the majority
of products online. Most postings include images and information that offer potential
visitors a relatively realistic impression of what their stay would be like. In addition to
the cost of the house, visitors usually pay a security deposit and an additional 6–12%
service charge to Airbnb. Bookings are done through Airbnb, thus only a safe

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interface is used for financial transactions. The host either welcomes visitors when
they arrive at the selected venue. Airbnb acts as an intermediary, so Airbnb's revenue
comes from service fees from both sides.
Challenges:
The founders of Airbnb were rejected by every venture capitalist they sought in
the company's first year. Because investors strongly support the idea that strangers
should never remain together and that terrible things will therefore occur. Moreover,
they struggled to persuade visitors; few people were willing to risk staying with
someone they’d never met.
However, Airbnb overcomes these problems in a variety of ways. It established
a common grading system so that both hosts and visitors could evaluate and give
feedback to one another. A "super host" designation guarantees considerable booking
experience and high-quality service. A “business travel ready” provides specific
amenities like Wi-Fi, a desk, and basic toiletries. Airbnb also provides a 24-hour Trust
and Safety hotline, creating a trustworthy environment for both hosts and visitors.
Landlords are also protected by insurance policy coverage that covers property losses
up to $1 million.

3. Seeing the world as the locals do

Airbnb attaches much importance to the community and the connection
between people. Through its branding, messaging, and other areas of its business, it
purposefully portrays itself as a purveyor of unique and authentic experiences. Grand
hotels try to cope with price and convenience, but they cannot build a strong bond
between guests and hosts. "Guests are looking for experiences that connect them with
people and culture," adds Chesky. "Hospitality cannot be automated’’. Chesky noted
in his keynote talk at the second-annual Airbnb Open—a motivational event hosted in
Paris—that the whole hospitality business caters to travelers in a way that makes them
feel like tourists. However, with an Airbnb experience, guests begin to feel like they
are a part of the neighborhood and the city and they are living here.

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 4. Executing on the Promise:
This new notion of a "localized travelers' experience," which the workforce of
the Internet start-up Airbnb wholeheartedly supports, is seen as the major driving
force behind the company's ambitious rebranding initiative.
The company’s logo has had a hand in the company’s success. The business replaced
its first simple text logo with a much more abstract design - a sign like a puffy capital
letter "A" with both sides crossing over.
Vision:
The Airbnb symbol has fascinated
people in many ways:
- The teardrop in the middle
portrays a person’s head,
signifying that Airbnb is a
people-oriented brand.
- The same is associated with
the location icon,
symbolizing travel.
- The main “A” shape of the
image also looks like the
heart, turned upside-down, which represents the company’s attention to the
customers and warmth. Airbnb also calls it the “bélo,” “the universal symbol of
belonging.”
A new slogan accompanies the logo—“Belong Anywhere.”
Authenticity and originality of visitor experiences have always been major
priorities for Airbnb, especially in order to maintain and retain devoted clients.
Meanwhile, the community of hosts that Airbnb placed a special emphasis on was first
and foremost. Because of this, Airbnb has been able to grow a sizable community of
hotel providers who firmly support its mission. Besides that, certain guidelines, such
as offering guest services such as airport pickup and walking tours in the local
villages, are formed with the aim for hosts to follow to create the best guest
experience possible. This is by no means intended to create a strict, standardized

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model as the traditional hotels did in that it promotes relationships with guests. At the
Airbnb Open, Checky shared that: “What’s special in your world isn’t just the home
you have," “It’s your whole life.”

Distinct competitive advantage:

The rapid expansion of Airbnb in every market across the world has
undoubtedly drawn the attention of major hotel companies. Developers are starting to
construct hotels in locations where they would not otherwise. The Airbnb experience
“home-sharing” is suited for a large Airbnb market but not a typical tourist
destination, so even if hoteliers try to encroach on Airbnb's territory, they will find it
difficult to replicate it.
Airbnb’s mission statements:
Although Airbnb has had breakthroughs and success in the tourism market, it
still continues to struggle for legitimacy. Some towns forbid renting out personal
property for periods shorter than 30 days. And many tourists may favor the Airbnb
experience, but they still harbor reservations about living with strangers. With
ideological enthusiasm, Airbnb is tackling these difficulties and connecting people
from other cultures to make people understand each other more. In addition, they can
enter into the realm of establishing world peace where you can belong anywhere and
where people can live in a place instead of just traveling to it”. Chesky concludes, “I
think a lot of conflicts in the world are between groups that don’t understand each
other."
In conclusion: Airbnb has a great business model, good word of mouth,
great marketing, happy employees, and happy customers. All they need to do is stick
with their work.

II. SUMMARY AIRBNB’S THEORY

1. What is service?
- A product is anything provided to a market for consideration, acquisition, usage, or
consumption that may satisfy a demand or need of customers. Products include more
than just tangible objects, such as cars, clothing, or mobile phones. Most products are

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countable, touchable, and visible, a consumer can assess their durability by examining
them. Broadly defined, Products also include services, events, people, places,
organizations, ideas, or a mixture of these.
Ex: an Apple iPhone, a Mercedes, and a Starbucks coffee are products. But so
are a trip to New York, banking, our Facebook accounts, and advice from your family
doctor.
- Services are a form of product that consists of activities, benefits, or satisfactions
offered for sale that is essentially intangible and do not result in the ownership of
anything.
Examples: education, health care, banking, hotels, airline travel, retail, wireless
communication, and home-repair services.

2. Products, Services, and Experiences

- Products are a key element in the overall market offering. A company’s market
offering often includes both tangible goods and services. At one extreme, the market
offer may consist of a pure tangible good, such as soap, toothpaste, or salt; no
services accompany the product. At the other extreme are pure services, for which the
market offer consists primarily of service.
Examples include a doctor’s exam and financial services.
- Today, as products and services become more commoditized, many companies are
moving to a new level in creating value for their customers. To differentiate their
offers, beyond simply making products and delivering services, they are creating and
managing customer experiences with their brands or companies.

3. Level of products and services

- Product planners must consider goods and services on three different levels. Each
stage raises the value to the customer.
+ The most basic level is the core customer value, which answers the question: What
is the buyer really buying? Marketers must first identify the essential, problem-solving
advantages or services that consumers want before building products.

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 For Example: “In the factory, we make cosmetics; in the store, we sell hope.”
And people who buy an iPhone 14 are buying much more than just a smartphone.
They are buying entertainment, charisma, self-expression, productivity, and
connectivity with friends and family.
- At the second level, product planners must turn the core benefit into an actual
product. They must create product and service features, a design, a quality level, a
brand name, and packaging.
For example, the iPhone is an actual product. Its name, parts, design, operating
system, features, packaging, and these other factors have been carefully blended to
provide the primary consumer value of being connected.
- Finally, product planners must design an enhanced product around the main value
and actual product by providing extra consumer services and perks.

4. Service Marketing
- In recent years, the service industry has expanded considerably. Services currently
account for about 80% of the US gross domestic product (GDP). Services are rising
even faster in the global economy, accounting for over 63 percent of the total GDP. 19
The service industry is extremely diverse. Courts, employment services, hospitals,
military services, police and fire departments, the postal service, and schools are all
provided by governments.
- In addition, many businesses provide services, including airlines, banks, hotels,
insurance companies, consulting firms, medical and legal offices, entertainment and
telecommunications corporations, real estate firms, retailers, and others.

a. The nature and characteristics of a Service

When developing marketing strategies, a corporation must consider four
distinct service characteristics: intangibility, inseparability, variety, and perishability.
- Service intangibility means that services cannot be seen, tasted, touched, heard, or
smelled before purchase. For instance, when you purchase an airline ticket, all you get
is a piece of paper and the assurance that you'll get to your destination on time.
Ex: education, data, software, insurance.

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- Service inseparability states that services cannot be isolated from their suppliers,
whether they be humans or machines. This trait distinguishes them from manufactured
things. Goods will be manufactured, stored, sold, and consumed.
Ex: a customer going to a hair salon for a haircut. The barber is the producer of
the service and haircut product service. The haircut cannot be provided without the
barber; hence inseparable.
- Service variability that the quality of services varies depending on who delivers
them, as well as when, where, and how they are given. It will be difficult to establish
consistent criteria for assessing the quality of services. Each consumer will have
different feedback after using the service.
- Service perishability means that services cannot be stored for later sale or use. This
is one of the most crucial traits since it significantly affects financial outcomes.
Inseparability and intangibility lead to perishability.
For instance: airline flights, auto repair, theater entertainment, and manicures

5. Marketing Strategies for Service Firms

Good service businesses utilize marketing to position themselves strongly in
selected target markets through classic marketing mix activities. For instance, Airbnb
promises "Belong Anywhere," and an Apple commercial is titled "Here's to the Crazy
Ones, Think Different."

a. The Service Profit Chain (SPC)

In a service industry, the interaction between the client and the front-line staff
member helps to co-create the service. The ability of front-line service staff to interact
effectively also depends on the support systems that enable this interaction. Therefore,
effective service businesses give equal attention to their clients and employees. They
are aware of the relationship between service business earnings and employee and
customer pleasure, or the "service profit chain." Five links make up this chain:
➤ Internal service quality is the primary determinant of service success when
choosing and developing the preeminent employee. Ensuring that they have a

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comfortable workplace and massive support such as commissions, and perks for
employees who interact directly with clients, as a result.
➤ Satisfied and productive service employees: when internal employees are
satisfied with the company's compensation, more devoted, loyal, and hardworking
employees will be created, which results in....
➤ Greater service value: Front-line employee-client connection will advance, as
will be more effective and efficient in customer value generation, engagement, and
service delivery, which results in....
➤ Satisfied and loyal customers: a great service will establish a huge loyal customer
base with this brand. Customers will come back with purchases, and word of mouth to
other customers, which results in . . .
➤ Healthy service profits and growth: profit company contribution and service are
higher, and the firm's reputation will be advanced and specifically positioned in the
service industry.

b. Services marketing categories

● Internal Marketing
Internal marketing entails that the service provider must direct and motivate
both its customer-facing staff and its support staff to collaborate as a team in order to
satisfy customers. According to marketers, all employees within the company need to
be customer-focused.

● External Marketing
It is the practice of marketing and selling goods or services, which may involve
conducting market research and advertising to current and future customers. Small
firms utilize external marketing to reach out to their target market and broaden the
reach of their brand.
Ex: websites, social media interaction, print, TV, and radio ads.
➞ In fact, internal marketing must precede external marketing.

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 ● Interactive Marketing
Interactive marketing is a marketing strategy that uses two-way communication
channels to allow consumers to connect with a company directly. Product quality in
marketing frequently has little to do with how the product is made. However, in the
marketing of services, the quality of the service is influenced by both the service
provider and the delivery method. Therefore, service marketers need to understand
interactive marketing techniques.

c. Marketing Strategies For Service Firms

- Managing Service Differentiation creates competitive advantages based on the:
+ The offer may incorporate cutting-edge elements that distinguish it from offerings
made by rival businesses.
+ Service providers can differentiate their service delivery from the competition by
hiring more competent and trustworthy customer-contact staff, creating a better
physical space in which to provide the service product, or improving the delivery
process as fast as possible.
+ Service businesses can also concentrate on defining their images through branding
and symbols.

- Managing service quality: enables firms to stand out from the competition by
continually providing higher quality than what they do.
+ Empowering employees is vital to the company’s success. Service quality will
constantly fluctuate based on interactions between personnel and clients.
+ Good service recovery may convert dissatisfied customers into loyal ones.
+ It is more difficult to define and evaluate service quality than product quality. The
greatest way to gauge quality is possible through customer retention.
+ High standards for service quality are set by reputable businesses. They keep a
careful eye on competitors and their own service performance.

- Managing service productivity: Service businesses are under intense pressure to

boost service productivity since their costs are rising quickly.

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+ The company can improve employee training or acquire new staff who will work
harder or more skillfully.
+ By sacrificing some quality, companies may increase the quantity of their
service.
+ Finally, a service provider can utilize technology to save costs and time in
manufacturing firms.
➞ Therefore, businesses must be aware of how they develop and provide
customer value when working to increase service productivity. They ought to
take care not to detract from the service.

6. Branding Strategy: Building Strong Brands

a. Brand Equity and Brand Value
- Brand equity is the difference in how customers react to a product or its marketing
based on their familiarity with the brand name.
+ When consumers choose a brand over a generic or unbranded version of the same
product, the brand has positive brand equity.
+ It evaluates the brand's ability to win the choice and loyalty of customers.
+ A powerful brand has high brand equity such as Coca-Cola, McDonald’s, and
Nike,..
+ Consumer perception dimensions: differentiation, relevance, knowledge, and
esteem.
- Brand value is the estimation of the total financial value of a brand. It is challenging
to measure this value.
- A corporation can get various competitive benefits from having strong brand equity.
+ a high level of brand loyalty and consumer awareness.
+ more leverage power with resellers.
+ easier brand and line extensions to launch.
+ protection from intense price competition and other competitor marketing tactics.

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 b. Brand Positioning
Before positioning a brand, the marketer should define a mission for the brand
as well as a vision of what the brand should be and do. A brand is a company's
promise to purchasers that it will consistently provide a specified set of features,
benefits, services, and experiences. The brand promise must be clear, concise, and
honest. They can position brands at any of three levels:
+ At the most fundamental level, they can position the brand based on product
attributes.
+ A brand's standing can be improved by associating its name with a desirable benefit.
+ They are built on strong beliefs and values, and they engage customers on a deep,
emotional level.

c. Brand Name Selection

A good name can significantly boost a product's success. Finding the best
brand name, on the other hand, is a difficult undertaking. The following are desirable
attributes for a brand name:
1. It should imply something about the benefits and attributes of the product:
Snapchat, Pinterest, Foodie
2. It should be simple to say, identify, and remember: iPad, Facebook, Airpods
3. The brand name should be unique: Dior, Chanel, Zara.
4. It should be scalable.
5. The name should be easily translatable into other languages.
6. It should be able to be registered and receive legal protection. If a brand name
violates one that already exists, it cannot be registered.

d. Brand Sponsorship
A manufacturer has four sponsorship options:
1. National brand (or manufacturer’s brand): the brand of a product developed
and distributed nationally under a brand name controlled by this company.
Examples: Coca-Cola, Pepsi, Google

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 2. Private brand (also called a store brand): a product that is made for and
marketed by a particular merchant, competing with name-brand goods.
Examples: Kirkland Signature, Trader Joe's, Morphe
3. Licensing: some companies license previously existing trademarks or symbols,
names of well-known celebrities, or characters from popular movies and
literature.
Examples: Gucci, Calvin Klein, Armani
4. Co-brand: The practice of utilizing two distinct companies' established brand
names on the same product.
Examples: Doritos Locos Taco

e. Brand Development
A firm has four options when it comes to developing brands. It can introduce line
extensions, brand extensions, multi-brands, or new brands.
1. Line Extension: current brand names are extended to new forms, colors, sizes,
components, or tastes of an existing product category.
2. Brand Extensions extend a current brand name to new or modified items in a
new category.
3. Multi-brands: Companies frequently promote many brands in the same product
category in order to develop various characteristics that appeal to different client
categories, get more reseller shelf space, and acquire a greater market share.
4. New Brands: A corporation realizes that its current brand name is fading and that
a new brand name is required. As a result, it may develop a new brand name in
order to reach out to more people.

III. QUESTION FOR DISCUSSION

8-18. How do the four characteristics of services apply to Airbnb? How does
Airbnb deal with each characteristic?
1. Intangibility: Airbnb operates an online marketplace focusing on short-term
homestays and experiences, offering its clients fantastic experiences when they wish

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to get closer to the local cultures and community. As a result, because the service is
intangible, customers cannot feel or touch it, they can see the pictures and prices of
the house on the Airbnb website. They can only experience it, touch it and see it
when they arrive.
➥ To deal with this characteristic, giving photographs of hospitality services as well
as thorough information that explains the hotel or house so that clients can get a sense
of what the area will look and feel like, as well as satisfaction guarantees for guests.
Additionally, before booking a stay, travelers can contact the hosts for additional
information effectively. These can help travelers have an understanding deeply about
the accommodation before they decide to book a stay and decline customer
dissatisfaction.

2. Inseparability: the service provided by Airbnb that cannot be separated from the
landlord (the host) and the clients since they have a close relationship. The reason
why:
1. Airbnb is an online platform where visitors can use an online payment system to
pay for rent.
➥ As a result, the online payment service is a critical element to Airbnb and its
customers, and it cannot exist apart from the firm and its consumers.
2. Furthermore, Airbnb functions as a middleman service, providing a new lodging
and social experience that may assist landlords in advertising their properties as well
as consumers in selecting their perfect house. The firm then offers its clients a
landlord assessment system in order to enhance landlord services and create a rental
fresh environment in which everyone may feel secure and pleased.
➥ Airbnb services are typically given by landlords; the landlord's money is brought
by Airbnb and consumed by clients at the same time, if these services are separated
from the firm, they have a profoundly detrimental effect on both the users and the
running of Airbnb's organization. Thereby, they cannot be separated and have a strong
win-win relationship.

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3. Perishability: Because Airbnb is an intangible business, if no one reserved the
rooms for the desired date, they could not be stored for long periods of time in order to
apply for later sale.
➥ In order to better balance supply and demand, the company thoroughly evaluates
and identifies the needs of its clients and landlords. Then it develops efficient ways to
achieve this. In addition, Airbnb offers reservations through an online platform that
allows clients to choose the host, location, and other details as well as to negotiate
over the price before confirming their reservation.

4. Variability: Depending on the service provider, the location, the time, and the
method used to deliver the service, the quality varies. Since Airbnb chooses to offer
the authenticity of an experience from another location, it differs from other
traditional businesses.
➥Airbnb tackles this problem by ensuring that its services are supplied to its
customers in the best way possible to ensure that the quality of services is excellent.
Customers are given excellent service and a high level of security by Airbnb. In this
way, the firm asks the hosts for personal information, a house ownership certificate, a
photo, and an ID in order to determine whether they are suitable, which can ensure the
security of the customer's rental. On the other hand, visitors must also offer personal
information to the business in order to contact the landlords more easily. The
organization then offers a mechanism for evaluating landlords in order to assess
clients' needs and offer the best possible service. This can boost client satisfaction

8-20. How does Airbnb differentiate its offer, delivery, and image?
These days, marketers frequently complain about the difficulties of differentiating
their services from those of rivals, owing to the tremendous development in the
service business establishing a stiffer pricing rivalry. As a result, the answer to Airbnb
that can attract customers' attention is service distinction based on:
Offer:
Instead of providing the standard and traditional hotel experience, Airbnb has
revolutionized the hospitality industry. According to Airbnb's founders, visitors who

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use the service get a one-of-a-kind experience while visiting a foreign nation, and
travelers who use Airbnb do not only get the conventional tourist experience, but
rather an experience of living like a host who is a native of the nation they visit. One
thing that Airbnb excels at is allowing clients to choose a property that meets their
wants and expectations. Aside from that, by providing a unique experience, Airbnb is
able to bridge the gap between different cultures and ethnicities.

Delivery:
Airbnb also has several suggestions for hosts, such as picking up visitors from hotels
or taking them on a tour of the city; these are some techniques to improve the contact
between the host and the guest.

Image
One of the tips that Airbnb can draw customers' attention to is a rebranding campaign
through images and logos. Airbnb revamped its visual identity only once in its history,
changing the original blue icon in 2014 to pink and white together in the logo to
portray love, protection, and feelings of tenderness. The soft colors have helped the
brand stand apart from the crowd. Its slogan is "Bélo", "the universal symbol of
belonging".The name is pretty simple to recall and gives clients a positive first
impression of the company. Along with it, a new tagline called "Belong Anywhere"
was developed and included in several marketing articles in order to help Airbnb build
its brand.

8-21. How much of a threat is competition to Airbnb?

Although it is very unique, Airbnb does encounter competition in the hospitality
business, notably from the likes of traditional hotels and giant hotels. The idea of
spending the night with a stranger concerns tourists since it is unfamiliar and comes
with unanticipated dangers. They choose conventional accommodations that might
generate a sense of familiarity since they fear ambiguity. Additionally, in areas where
Airbnb takes the lead or does not, several enormous hotel groups have begun to
restructure and grow their scope. Luckily for Airbnb, these hotels still have a long way

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to go before they can provide an experience that rivals what Airbnb provides. On the
other hand, booking online applications like Agoda, Booking.com, Expedia, Google,
Hopper, Trivago, and VRBO are detrimental and dangerous risks when it offers
solutions that are similar to Airbnb's, even they provide low costs rather Airbnb
offering. Finally, renting out personal property for less than 30 days is prohibited in
several regions. Airbnb still lost a lot of time to battle for legitimacy.
=> In conclusion, the public still prefers classic hotels. Even though Airbnb now
has a greater market share, they still need to develop additional strategies or
rules to deal with the struggle for legitimacy before hotels catch up with their
growth pace.

IV. PLAGIARISM CHECKING:

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