Sharing Is Caring, Unless It Costs You Your Job

zervasNew York Times “Bits Blog”
Georgios Zervas, School of Management

For travelers trying to economize, the ability to rent someone’s spare bedroom is a real breakthrough. Cities like New York, London and Paris are easier to visit than they have been in many years. But for those who actually work in the hotel industry, this business model is bad news: Airbnb and its imitators might eventually put them out of a job…

Expert quote:

“Our study suggests that lower-tier hotels in dense Airbnb areas should be concerned. And if Airbnb keeps growing at the same rate, ‘fear’ might be a more accurate word.”

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