Hotels or Hosts: Who will win the battle in the era of the sharing economy?
Airbnb has been valued at over $24 billion earlier this year. Is that surprising, considering the company owns none of the rooms it “offers” on it’s website through the “hosts”? Perhaps a little. But these are the facets of the sharing economy that most of are a familiar with. Uber, Lyft, and TaskRabbit, have been around for a while, and the way they are disrupting their respective industries is old news. Take the acquisition of Starwood Hotels & Resorts by Marriott for $12.2 billion. Was this move an attempt by Marriott to join forces with Starwood to reckon with the force that is airbnb or is that too premature?
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