"The sharing economy is here to stay because everyone who gets involved in it benefits. It feeds off itself and a growing distrust of corporations. Hotel bookings may currently be bolstered by growing Russian and Chinese markets but the underlying flow is in the other direction. This is time to start engaging with and investing in the sharing economy, offering home-stays as well as hotels and considering with extreme caution any investments in old-industry."
The Airbnb Effect.
A short take on the future of companies like Airbnb and what it means to hotel chains. What I like most about this article is that it ends by referencing 1991’s Other People’s Money and a classic Danny Devito quote, “Never invest in an increasing share of a declining industry.”