The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
I have been an AirBnB host for two years, and it has been a totally positive experience. It has been a way to share cultures with people from around the world. It has provided extra income to improve my property, especially helpful since I live on Social Security. And it generates a great deal of income for the local economy. All of the host in my town provide information on local restaurants and activities. The people who use AirBnb are vetted, and the system is safe and trustworthy. As a host, I report my earnings to the IRS and pay local business permit fees and hotel taxes. Hosts do not compete with hotels because AirBnB traveler's are looking for a different and more personal travel experience. AirBnB offers travelers a unique experience that hotels and motels can't provide. I have lasting friendships with some of my guests as a result of the personal interactions hosting provides.