Re:Airbnb Enters the Land of Profitability
by nnd on Friday January 27, 2017 @05:16AM
(#13498865)
Most of the largest brands in hospitality don't own their assets either, and operate a franchise instead.
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Re:Airbnb Enters the Land of Profitability
by edblarney on Friday January 27, 2017 @11:53AM
(#13500879)
Even the one's that don't operate as franchises still don't own the properties.
Most of Four Seasons, Fairmont etc. - the actual properties are owned by sovereign wealth funds etc. - think Saudis who need to park huge reams of cash somewhere and sit on it.