The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
As a host I can tell you that my guests are able to extend their vacations due to the money they save by using airbnb which then they use for additional cab rides, entertainment, restaurants, etc. This company is one of the pebbles that has gathered a lot of moss to help assist in rebuilding the economy. Single mothers struggling to get through school, people paying off medical debt or people that are simply wanted to be able to take a vacation themselves for a change are now being able to because of the additional money that is earned through airbnb. These are just a few examples of ways that it's helped so many. Airbnb couldn't have been started at a better time. So many people lost their jobs or were laid off and in order to help ends meet or help start another career they starting hosting. With all the terribly hostile things happening in the world today it's nice to know that people from other countries can meet and assist one another in creating a good travel experience and maybe learn a few things from one another along the way. I've had many "faith restored in humanity" hosting experiences. Not that you want to hear about the warm fuzzy things but I can't help but share that. I have a guest right now that is paying about half what she would pay to stay in a hotel in the city center so she's staying in my city twice as long. That is why she chose my place because she wanted to stay longer than two days. She is now going to eat at 8 restaurants instead of 4, 4 markets instead of 2, 4 cabs/Uber instead of 2, etc. etc. How can anyone say that this is not a great benefit to a growing economy? Who benefits from high hotel prices? Only hoteliers.