2019-02-12 Attachment 1 to Item 7 - Short Term Accom Online Platform Issues Paper

3.        The Share Economy – Accommodation
3.1       Online Accommodation Providers
The current leaders in the online short term and holiday rental market are Airbnb, Stayz and
Tripadvisor.

Table 3. Main online short term accommodation providers and facilitators




     Airbnb is a community-              Stayz is owned by travel and       Tripadvisor is an online travel
      based, two-sided online              tourism conglomerate                research company that offers
      platform that facilitates the        Expedia, and is based in            property owners and
      process of booking private           Sydney, Australia.                  travellers a booking
      living spaces for travellers.       The business model of Stayz         transaction platform.
     On one side it enables               is a purely one-sided              It also promotes the planning
      owners to list their space and       commissioned base,                  of trips, aggregates views
      earn rental money. On the            charging a commission rate          and opinions of members
      other side it provides               to property owners of up to         about destinations,
      travellers easy access to            10%.                                accommodations and
      renting private homes.                                                   activities throughout the
     Airbnb have a unique                                                     world.
      business model, charging                                                Booking transactions have a
      both the property owner and                                              one-sided commission base,
      guest a commission for each                                              charging property owners a
      booking.                                                                 percentage of each booking.



3.2       Diverse Accommodation
Accommodation options available via online accommodation share economy platforms are varied,
offering a greater diversity than traditional holiday accommodation providers. The table below
summarises the types of short term letting typically available.

Table 4. A diverse range of accommodation
      The types of accommodation typically offered via online share economy platforms
 Renting a bedroom located             Renting an entire property for a
 within a unit or a house, where       temporary period of a person’s      Renting an entire property on
 the owner remains present in          principal place of residence i.e.   a full-time basis.
 residence during the stay.            when the owners are away.




Short Term Accommodation - Online Platform Response Issues Paper                                        Page 8