Thousands of Airbnbs and short-term rentals are about to be wiped off the map in New York City.
25.08.2023 - 13:32 / skift.com / Srividya Kalyanaraman
One was an old dairy factory in Stuttgart. Another, an old bread factory in Salzburg. In Cologne, there’s also a former headquarters of German federal intelligence. Now – they are all a&o hostels. You can stay at one for about 43 dollars a day.
“We walk around cities and look around for dirty, ugly buildings,” said Oliver Winter, founder and chief executive officer at a&o hostels. “Or sometimes, we approach brokers of office spaces and we say we need a ugly and dirty one — 50 percent of our properties we found by ourselves,” he said.
Founded in 2000, Berlin-based a&o hostels operates 40 hostels in 25 cities in Europe, the United Kingdom and in Israel. The chain’s target audience is backpackers as well as solo travelers, families, school groups and clubs. A&o took the net zero pledge, aspiring to be Europe’s “zero-emissions hostel chain” by 2025 in 2017. The same year it was bought by American investor TPG Real Estate.
“Our goal is net zero in 2025,” Winter said. “Because for us as a hostel chain with young customers, it’s crucial that we are answerable to them. And the GenZ customers want guilt-free, affordable travel that is also climate conscious.”
The chain’s top three priorities are energy savings, supporting local suppliers for food (reducing food miles), and refusing single use plastic.
To highlight the progress made on this front, Winter noted that the company has been able to reduce its carbon footprint from nine kilograms per guest per day to three and a half kilograms per day per guest today. By next, he hopes that number further reduces to two and a half kilograms.
And repurposing old buildings is a big part of achieving the net-zero dream for Winter. Not only is it economical to repurpose than to build anew, but doing this allows a&o to start with a zero carbon footprint at the outset of a new property.
“In the first 10 years of a&O, we did this for economic reasons, and to carve a niche for ourselves,” Winter said. “We didn’t want to compete with other hostels or hotels for a central location, but in doing this, we realized that we can have significant savings.”
Winter noted that every refurbished and repurposed property gives the company a 15-20 years headstart compared to new buildings taking into account construction costs, maintenance and operational overheads.
In addition, this strategy allows a&o to enter markets that are otherwise hard to afford. “This helps us enter markets we would have never dreamed of,” Winter said. “For 23 years, we couldn’t step into markets like London, Paris and Dublin. And now, we are in negotiations to lease an office building in Dublin and considering turning a former police station in London into an a&o hostel.”
Winter’s plan of earmarking
Thousands of Airbnbs and short-term rentals are about to be wiped off the map in New York City.
Last month I went on a weekend-long, women-only summer camp with 200 strangers in their 20s and 30s in rural Pennsylvania. I was hoping to meet a few cool people and get out of New York City, but I ended up re-experiencing some of the joys of childhood and realizing that you are never too old to make new friends.
Airbnb and New York City have often had a tough relationship, one marked by lawsuits and other disputes. Airbnb has argued that New York City’s regulations have hurt its ability to do business, which the company believes will become more challenging when the city starts enforcing its host registration law regarding short-term rentals on September 5.
At an age when most schoolkids are still learning to tie their shoelaces, Nathaniel Prebalick — AKA Gold Plate Nate — was teaching budding treasure hunters how to pan for gold. As a third-generation prospector, he was raised amid the sparkling streams of California’s Gold Country, in the foothills of the Sierra Nevada, getting to know its watery veins as well as the life lines of his own hands.
When my daughter turned 9, I started to do the math. If she left our home at 18, her dad and I were then halfway through the summers we were guaranteed with her. Our summers with her were always jam-packed with Chicago events, summer camps, and wherever we decided to take her on vacation.
Lunchtime on a warm spring Saturday on the Cours Saleya – Nice’s famous flower market, tucked away just one row of elegant fin de siècle buildings from the sea – and it’s hard to see how any business can be open in town, apart from restaurants and cafés. Everyone, it seems, is here; every table taken beneath the canopies and parasols, queues forming outside the most popular eateries, every bench taken with families tucking into paper-wrapped socca – a salty chickpea pancake – or gelati. It feels like high summer; the sky is a vivid blue, the palazzos and mansions beneath blazing butter yellow and warm, burnished terracotta.
Hotelier Rigzin Namgyal fondly remembers a time when only the truly curious and adventurous made their way to Ladakh. When this region in north India opened to tourists in the mid-1970s, just a few backpackers each year undertook the long and arduous journey by road, over dangerous mountain passes from Manali in the neighboring state of Himachal Pradesh.
Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
Marriott International said on Friday that its chief financial officer, Leeny Oberg, will now also lead the company’s global development organization, responsible for the strategic growth at the world’s largest hotel operator.
Destinations and attractions are investing in virtual and augmented reality technologies to drive interest and foot traffic to historical attractions. During the ITB Berlin conference last week, some attractions, tech providers and destinations discussed how such technologies will heighten the visitor experience.
Remember the Skift 2023 megatrend forecasting that luxury hospitality will go a step further?
There are few sectors in the travel industry subject to more of the rat-a-tat-tat pounding of deals, product launches, tactical competitive moves, and business developments than the global short-term rental industry, and that’s why Skift has decided to expand our commitment to the editorial coverage of the sector.