The Impact of Airbnb's on the Lodging Industry

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The Impact of Airbnb's
on the Lodging
Industry

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Table of Contents
Introduction................................................................................................................ 2
History of Airbnb......................................................................................................... 2
Analysis of Airbnb....................................................................................................... 3
Difference between Airbnb and hotels.......................................................................4
Advantages of Airbnb................................................................................................. 5
Disadvantages of Airbnb............................................................................................ 6
Conclusion.................................................................................................................. 7
References................................................................................................................. 8

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Introduction
Airbnb refers to the air beds and breakfast which is a kind of
marketplace which interconnect travellers with local property owners. The
use of Airbnb is growing rapidly as it provides a platform where travellers
can enjoy their trips by staying in their homes. It is an online platform that
lets consumers rent out their properties to the travellers and it takes
around 3% commission of each booking from hosts (Gutiérrez, et al., 2017).
The key objective of this research is to examine the key aspects of Airbnb
and differentiate hotels with the Airbnb. It is observed that consumers can
utilize the services provided Aribnd to arrange lodging, tourism experiences
and primary homestays. This report will cover several sections including the
history of Airbnb, analysis of Airbnb and comparison between Airbnb and
hotels.
History of Airbnb
According to Guttentag, & Smith, (2017) the term Airbnb is defined as
an online marketplace which interconnects individuals who require rent out
their homes and properties with consumers who are looking for
accommodations. It is observed that currently, Airbnb covers around 81,000
cities and 191 countries where numbers of owners are providing their
properties to the travellers.
Figure: History of Airbnb