The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop #01261

Submission Number:
01261
Commenter:
Weijia Gao
State:
Arizona
Initiative Name:
The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
I'm an Airbnb host and also a customer when we travel outside of home state. Share economy like Airbnb has bring in a great opportunity for our family to better utilize our property and make extra cash. During the 3 month of winter season, we have made over $10k in Airbnb rent, and we were also able to contribute over $800 to the city tax because of this income. This has a very positive impact to our family financially and also to the community as well. We were able to spend more and this improves the economy as a whole. Since then we have hosted over 200 travelers from all over the world. Occasionally we run into some customer that are hard to deal with, but majority of them are very easy going and polit. We have never had any security issue and no complains from the neighbors. I do think share economy is the future of alternative income for small family like us, and win win for customers as well. I think Airbnb will be competing with hotel business, but just to a certain extent since both business model offers different expectation and experience. If I'm on a trip which has a very tight schedule and requires more privacy, hotel will be my first choose instead of Airbnb. But if I would like to meet local people and have a relaxing holiday, Airbnb offers a more personal contact than a hotel. Although I do think there are hidden security risks within the share economy, just like any other business model, it needs a great system to better manage and oversees the activities. Overall, we love share economy and we are honored to take part of the decision making process by submitting our opinion. Thank you!