lifestyle / published / slider / travel / 05/10/2017

The Sharing Economy: 400,000 Guests At Home

When we talk about the sharing economy, there are a lot of connotations around it, both positive and negative. The first two companies that come to mind are Airbnb and Uber, with the latter having its fair share of controversies regarding regulation not just in South Africa, but around the world.

Image Credit: Shutterstock

Airbnb has been a pioneer of the sharing economy, with currently over 3 million listings spread over 65,000 cities in 191 countries. Since its inception in August 2008, the San Francisco-based company has hosted over 160 million guests globally, and that number continues to grow.

The astronomical rise of Airbnb that has shaken up the hotel industry is now worth over $31 billion (at the time of print), and raised over $1 billion in its latest round of funding (March 2017), bringing its total raised to date at over $3 billion.

It’s crazy to think that the company putting a huge dent in the hotel industry owns no property, at all.

Continue reading here: https://www.forbesafrica.com/woman/2017/10/06/sharing-economy-400000-guests-home/



Nafisa Akabor
Always online... except when I'm offline.