“Airbnb, the world leader in accommodations of the “sharing economy”, allows you to find places to stay directly from individuals in thousands of cities around the world.
It allows you to rent apartments (or even entire houses) from people all over the world, almost everywhere in fact. The platform really revolutionized the world of accommodations.(D.Armours,2018,para.)”
Negative Impact Of Airbnb
“Airbnb has removed between 7,000 and 13,500 long term rental units from the market as they have been converted into short term rental units.
Airbnb is simply driving up the long term rental for units in the city center making life slightly more difficult for tenants. Besides that, it is hard to say that looking at the bigger picture that Airbnb is causing any sort of negative impact other than creating opportunities for financial freedom and passive income for investors globally.”(Pasupathy,2018,para.4)
Positive impact of Airbnb
“The company’s success has largely been attributed to its elimination of the friction in travel accommodations, saving money for travelers and putting our largest class of idle assets to work, our homes. Much of its success may simply be good timing. Some have suggested Airbnb is a billion dollar company that shouldn’t even exist. Whatever the reasons for its meteoric rise, Airbnb has created new opportunities to generate income for homeowners and renters alike.”(Pickell,2017,para.3)
Conclusion
I believe that airbnb has a positive impact because it helps to save money for the travelers and create several opportunities for the houseowners and renters.
REFERENCES
(D.Armours,2018,para.)
https://flytrippers.com/what-is-airbnb-here-is-an-introduction/
(Pasupathy,2018,para.4)
(Pickell,2017,para.3)
https://www.huffingtonpost.com/jim-pickell/airbnb-the-good-the-bad-t_b_9052176.html
sukhmandeep's blog 