Surviving Airbnb: Four Seasons CEO Says Tech, Customer Service Are Key For Luxury Hotels

Airbnb's push into luxury lodging is not lost upon Four Seasons Hotels and Resorts CEO Allen Smith, and to remain competitive the high-end brand is turning to a fusion of technology and customer service.

Smith told Bloomberg it would be naive for luxury hotels to ignore the Airbnb effect and underestimate just how fast markets are changing. To push back, the luxury hotel chain launched a mobile app that includes a chat function to enhance customer service, and the company plans to introduce a guest recognition program to increase customer loyalty.

Airbnb set its sights on the luxury market in February when it acquired Luxury Retreats, a high-end rental manager, in a $300M deal. Luxury Retreats operates more than 4,000 properties globally and the deal marked Airbnb’s largest acquisition to date.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

The Bridge-To-Bridge Bet Is Holding Off CRE's 'Day Of Reckoning' — For Now

Augmentation, Not Replacement: How AI Platforms Are Streamlining Front Desk Teams

Lawmakers Punt On Stripping Approvals From 15 Projects In Data Center Alley

Success Of Top-Tier Malls Masks Enduring Distress In Sector's Underbelly

HUD Launches Investigation Into Wells Fargo's Efforts To Support Black Homeownership

Delaware Statutory Trust Fundraising Jumps 27% From 2025

Bank OZK Shares Drop After Citi Flags $915M Mortgage Concern

Soaring Yields Strand REITs In M&A No-Man's-Land

How UK Investment Giant L&G Plans To Grow Its U.S. Multifamily Holdings

Properties Owned By REIT Accused Of Fraud To Be Auctioned Off

LS Power Raises $6B To Capitalize On Data Center Power Demand

DHS Buys 3 More Detention Facilities From The Geo Group For $950M