How Does Airbnb Affect Hospitality and Hotel Industry?
Airbnb is an online market for lodging, vacation rentals, and homestays. It was founded in 2008. By 2013, residing in an Airbnb became part of a millennial lexicon! In 2021, Airbnb has become the household name, as well as amongst the most downloaded apps in the world. Whereas a lot of people have discussed the effects of Airbnb on the hospitality and hotel industry, not many have discussed how this application has helped the hotels in driving digital innovations. How Airbnb has Reshaped the Hospitality and Hotel Industry? In the past decade, Airbnb had helped in driving tourism around the world. Before the COVID-19 pandemic, additional flight routes have popped up because of the increase in demand. Friends and families have started following longer trips. As well as more Gen Z and millennial solo travelers, having options like Airbnb, hostels, hotels, and couch surfing, traveled across Latin America, Europe, Asia, as well as elsewhere for meeting young travelers around t...