The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
I have been using Airbnb since late December 2014, which has been a great relationship and economically beneficial. This is a very good opportunity for the property owners, as well as, the users. This business model has worked out very well for my personal situation. The website and support has been excellent and the guests that use the service are ideal. This way of travel and accommodations allows people more opportunities to alternative experiences other then typical hotels methods. Income provided to me has allowed me to pay mortgage, utilities, schooling cost for children, make home improvements, and pay taxes. My community and small businesses have also benefited from increase consumers that may not have been readily accessible, since the traditional hotel area is at a distance away. My state tax office will be getting more revenue from me and others that pay transient tax. My Federal tax will increase due to more personal income. Lastly, I think the biggest benefits of this type of business and travel, is the human experience. I noticed that there is more of a human personal connection with host and their guests. Regardless of domestic travel or international this business model and platform seems to allow better communication and relationships with people.