Through research and data analysis, it is our wish to understand whether it is profitable and feasible to handle properties in our care through cooperation with Airbnb. Specifically, we are evaluating whether the Paris market would allow for a fruitful cooperation and profit optimization on for our enterprise as well as on behalf of our clients
[...] While the reliability for said data cannot be vouched, the author ensures that high selection standards have been put in place before using them for this research Objectives 4.1 Objective Overview of Airbnb in Paris 4.1.1 Description of Airbnb in Paris Figure Total number of Airbnb listings in Paris from January 2003 to April 2016. Source: Coyle et Yu-Cheong Yeung; 2017 : 20. With over 65,217 active listings, Paris is the most significant city in Airbnb's market (Airdna; 2018). A recent research clearly indicates that Airbnb accommodations in the city tend to be less expensive if put in comparison with hotels, even though they sometimes are more expensive than hostels (Guttentag; 2016: 53). [...]
[...] Some of these people, up to 2010, were using traditional real estate management services, such as agents and counselling. The rise of Airbnb, and the principle of the "sharing economy" reduced the needs for enterprises such as our own BK. However, some of these users can provide interesting opportunities for traditional real estate agencies: users who have no time, or do not want to, follow the guest's stay step by step. For these customers, several private enterprises have entered the market catering to the needs of these customers. [...]
[...] Evaluating revenue optimization for a real estate enterprise using Airbnb in Paris 1. Presentation of the company Description of BK realty Vision Mission Research Background Hospitality in Paris Presentation of Airbnb Business question Aim Objectives Methodology Research design Data collection Validity and reliability Objectives Objective Overview of Airbnb in Paris Description of Airbnb in Paris Analysis of the segment concerned BK's competitors in this market Objective Challenge that BK might have to face by investing through Airbnb Legislation Example of Airbnb situation of other cities Objective Advantage for BK to invest through Airbnb Real estate benefits Daily operation Airbnb compared to a hotel Conclusion and Recommendation Conclusion Recommendation References 16 Evaluating revenue optimization for a real estate enterprise using Airbnb in Paris 1. [...]
[...] This is about to change however, at least in Paris, levelling the field somewhat. If we were to choose whether to invest in Airbnb or in a hotel chain however, Airbnb remains comparatively advantageous even if legal reforms are taken into account: by being appealing to low-budget travellers it can, in the medium or long term, tap into people who would previously not have travelled, therefore having a much larger growth potential than hotels do, This can be proven by the fact that Parisian hotels prior to the financial crisis, as well as prior to the invention of Airbnb, maintained flat volumes, incomes and average nights of stay through a decade (2000-2010) of economic growth, as can be seen in figures 9 and 10 (Perret; 2011: 2). [...]
[...] The amount of people willing to profit from our services could be quite high: If Carey's and Lebelle's estimations are correct, over 42.000 users are in grey regulatory area. This means there are 42.000 people interested in the services BK could provide: While many of these would rather continue acting outside of the law and hope to get away with it, many others will attempt to ensure their profits are maintained in a safe and trustworthy way. Figure Percentage of unlawful apartments (in light blue) on total listings (in blue) Source: Inside Aibnb; Example of Airbnb situation of other cities Firms offering services to Airbnb house owners exist in all major cities. [...]
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