By 2020 the Sharing Economy Gets Bigger, Here's Why

The video discusses the growth of the shared economy, focusing on accommodations. It highlights the potential market size and key players like Airbnb, HomeAway, and others. The impact of Airbnb on the hotel industry is analyzed, showing reduced occupancy in traditional hotels. The response of hotel companies, including acquisitions and direct consumer strategies, is explored. Regulatory challenges such as safety standards and housing impacts are also discussed, indicating potential pressures on Airbnb as it grows.

What is the projected rise in the business of shared accommodations by 2020?

Which three key markets are expected to drive the growth of shared accommodations?

How has Airbnb impacted the hotel industry in terms of occupancy levels in New York and San Francisco?

What strategies are hotel companies considering to compete with the growth of Airbnb?

What challenges do regulatory bodies pose to Airbnb as it competes with traditional hotels?