Why can Airbnb challenge the hotel industry?

Why can Airbnb challenge the hotel industry?

Airbnb offers accommodations that differ from your traditional hotel room, which is valued by customers who are looking for an atmosphere that exhibits a home aesthetic. Airbnb has increased room availability, resulting in reduced prices for consumers, especially during high peak times.

Why do people become Airbnb hosts?

The findings map a large span of motivational factors that hosts experience, ranging from financial, safety, and security risks of having to submit and renegotiate one’s intimate, affective space and private sphere – to escaping loneliness, connecting with people, making new friends and earning money as a micro- …

Can you run a hotel through Airbnb?

Nearly 90 percent of guests who first used Airbnb to book a hotel room have returned to our platform and booked a room in a home or an entire home for their next trip. Guests give their stays in boutique hotels, bed and breakfasts, and other hospitality venues booked on Airbnb an average rating of 4.7 out of 5 stars.

What are the major threats to Airbnb?

Threats: Lawsuits for Airbnb, fines for the hosts. At the moment, the company is facing a number of lawsuits from all over the world. Hosts are also facing legal repercussions (fines) for hosting illegal hotels. In general, it seems the biggest threat for everyone involved is the failure to follow housing protocols.

What industries has Airbnb disrupted?

Airbnb, born in 2008, famously disrupted the hotel industry. It stole market share, put pressure on hotel rates, inspired the creation of affordable brands and saw hotels across the spectrum create restaurants, bars and lobbies that channeled the local vibe.

Is Airbnb disruptive innovation?

Airbnb can best be thought of as a ‘disruptive innovation’ (Christensen & Raynor, 2003. The innovator’s solution: Creating and sustaining successful growth, Boston, MA: Harvard Business School Press. [Google Scholar]), due to the company’s innovative internet-based business model and its unique appeal to tourists.