Limitations Of Airbnb

AirBnB gives platform for people to offer and rent their homes, apartments or rooms to strangers.

Airbnb, Inc. operates an online community marketplace for people to list, discover, and book accommodations worldwide via online

In 2008, the American population saw a large wave of home foreclosures during the Great Recession that created an economic crisis that displaced millions of homeowners. Unable to recuperate from the terrible financial situation, these persons found comfort within the rental property industry. These previous owners, unable to purchase new homes, began renting property and living as tenants, contributing to the 4% growth record of the rental industry as published in a study that was conducted by Harvard University. With the growth of this industry, rental property owners began to devote more of their time to the development and marketing of their rental properties. These owners began providing lower rates for their properties, and they began making improvements that allowed them to increase the net profit that they received. With the continual “boom” of the industry and the popularity that it is receiving due to young adults needing places the live, rental property owners need an effective program that allows them to oversee their properties and communicate with their tenants.

It is the opposite of the monopoly and the people have the actual power. It allows people, throughout the peer-to-peer network to exchange services and products within each other, which could be either renting a spare room in your apartment, a parking spot, a dress or a car. Those services and products are produced or co-produced in a collaboratively, collectively or co-operatively way. For those people who want to produce, the production is easy accessible (Matofska, 2015).

“Rent Collective” describes how co-living could potentially revolutionize the property industry. Co-living presents an alternative to the unsatisfying choice between money (renting your own room) and privacy (sharing a room with roommates). In this new housing format, residents live in miniature units (around 12 square meters) with one bed/shower. In exchange, they pay relatively cheaper rent in which utilities and wifi are paid for, and they also get access to high-class amenities such as a spa and a cinema.

3. Make It Easier to Reject Renters: When a renter sends a request to a host to use their

The guests get to stay in an actual house with all the amenities of home for less than most good hotels, and the host doesn't have to let their home sit vacant while they are away. Instead, they can make money off of it. While there are questions about city zoning ordinances and whether Airbnb hosts must have the same safety protections as hotels have, the industry is booming and expanding world-wide.

Sharing economy is a business and a service built around sharing and renting assets, where the technology has a big involvement, as it’s used as communication between the renter and the borrower. Sharing economy has its advantages and disadvantages, and Suzanne Bearne, Catharine Hamm and Mary Dejevsky are 3 writers that express their knowledge and views relating to the topic of sharing economy.

Hilton Hotels is one of the biggest players in the US lodging industry. It contributes to about 9% of the total rooms in US lodging market. It has presence in over 78 countries with more than 2500 hotels. Lodging industry is highly capital intensive industry, so to reduce capital expenditure Hilton Hotels opted for self-owned Hotels as well as franchising model with the real estate owners. One of the key features of lodging industry is low switching costs for customers. There is very little margin to differentiate from the major competitors in the industry which include Marriott international, IHG, Accor etc.

Airbnb is a short-term rental agreement between 2 individuals on an online network. This rental platform enables people to vacation for a significantly less amount that would have been spent on a regular hotel. With the added benefit that lodging with locals would make the vacation as a whole seem like a win-win situation. But this leads to landowners to start renting out their properties like hotels and completely ignoring the zoning laws surrounding the rental arrangements of apartments. Airbnb is affecting the housing market for the worse.

Unfortunately, these companies do not. In San Francisco, Airbnb also does not share data with the city, so the planning department has to resort to cleaning up the company's website and using forms that are communicated by the owners themselves once a

This paper explores how Airbnb started as a company and the challenges that the company faced as it expanded. The paper focuses on how it overcame the forces in the global environment in managing its global customers. Through management, the company has become successful globally.

The concept of sharing has brought the economy to a whole different level. This new emerged market is creating businesses out of things that have never before been used. For example, renting out your home, car, driveway or even a room in your house for a dog penthouse known as DogVacay. This is not said to be a trend, this is a new market and is gaining the momentum it is because people are looking at it for economic, environmental and lifestyle reasons. Frederic Larson, a 63 year old photographer, teaches at the Academy of Art University in Hawaii uses the sharing economy to generate extra revenue. Renting out his home on Airbnb for $100/night leaving himself with one room to stay in, and he uses his Prius four nights a week for the ride-sharing service Lyft and is able to generate an extra $100/night. This is not only something for people to make their lives easier and live a better life in crowded areas, but now people are able to generate

The majority of the five-star hotels are controlled by foreign hotel management group while the one, two, three, and four-star hotels are mostly controlled domestically without any strong chain brand. By August 2017, the profit of five-star hotels stands at 64.83 billion yuan, four-star hotels at 2.09 billion yuan, three-star hotels at 6.13 billion yuan, two-star hotels at 0.54 billion yuan, and one-star hotels are at 0.11 billion yuan. This shows that the majority of the profit share is earned by five-star hotels. Besides the starred hotel, there are 95000 individual hotels in China market, which occupies 27% of the market share; and economy hotel for around 7000, occupies 1.9% of the market share; social inn, hostel for about 234,000, which occupies 67% of the market share. In China, the main body market is filled with non-brand individual hotels, social inn, and hostels, but their competitive power and profitability indexes are relatively weak. Economy hotels, on the other hand, in terms of economic perspective, are lying in the ascendant mode with lots of domestic brands appearing having strong competitive power and profitability indexes.

2. Compare and contrast the general strengths and weaknesses of large, hotel chains such as Marriot and Hilton, bed & breakfasts, and Airbnb.