By 2020 the Sharing Economy Gets Bigger, Here's Why

The video discusses the growth of the shared economy, focusing on accommodations. It highlights the potential market size and key players like Airbnb, HomeAway, and others. The impact of Airbnb on the hotel industry is analyzed, showing reduced occupancy in traditional hotels. The response of hotel companies, including acquisitions and direct consumer strategies, is explored. Regulatory challenges such as safety standards and housing impacts are also discussed, indicating potential pressures on Airbnb as it grows.

What is the projected market size for shared accommodations by 2020?

• 200 billion dollars

• 100 billion dollars

• 139 billion dollars

• 50 billion dollars

Which regions are primarily driving the growth of shared accommodations?

• US, Europe, and China

• Asia, Africa, and Australia

• South America, Europe, and Africa

• Middle East, Asia, and Europe

How has Airbnb's growth affected hotel occupancy rates in major markets?

• Increased occupancy rates

• Decreased occupancy rates

• No impact on occupancy rates

• Fluctuating occupancy rates

What strategic move did Europe's biggest hotel operator make in response to Airbnb?

• Acquired a luxury Airbnb-like service

• Closed several hotels

• Launched a new hotel chain

• Partnered with Airbnb

What regulatory challenges does Airbnb face as it grows?

• Increased taxes

• Higher service fees

• Stricter safety and accessibility standards

• More advertising restrictions