A Report On The Sharing Economy Essay - 1590 Words

The sharing economy is disrupting a number of industries and travel is but one. Emerging growth companies like Uber and AirBnB best exemplify this trend. In the vacation home rental space, VRBO, Vacation Rental by Owner, part of the HomeAway network, is another company leading the way with AirBnB in the vacation rental sharing economy. This trend is something many of you want to capitalize on. A recent report from the National Association of Realtors (NAR) shows that 24% of vacation home buyers did or plan to rent out their home to guests for short term stays. This trend is growing and it does create opportunities for you where none may have existed before. Second Home Life founders Valerie and Mackenzie were able to capitalize on this opportunity with a mountain home in Winter Park, CO. Within a year, managing their own VRBO and AirBnB listing, they were able to earn enough vacation renal income to cover their entire annual mortgage expense. Notwithstanding their success generating rental income, their family also enjoyed using it frequently, hosting family and friends on a regular basis. â€Å"I was able to ski 22 days last season,† says Mackenzie, still shaking his head in disbelief. Before owning their own vacation home, they would spend thousands of dollars each year staying in other people’s hom es or hotels. And while renting your dream vacation home isn’t without its headaches, Valerie and Mackenzie wouldn’t change a thing. This may also help you achieve your dream ofShow MoreRelatedThe On The Sharing Economy Essay1077 Words   |  5 PagesAirbnb has been on the forefront of what has become known as the sharing economy. The sharing economy can be defined as â€Å"an economic system based on sharing underused assets or services, for free or for a fee, directly from individuals† (Botsman, 2015, Para. 8). The sharing economy is also referred to as a collaborative economy, which is an â€Å"economic system of decentralized networks and marketplaces that unlocks the value of underused assets by matching needs and haves, in ways that bypass traditionalRead MoreThe New Business Model : Consumers Optimal Economic Interests By Evaluating Pro And Cons1193 Words   |  5 Pagesbased on a concept - the â€Å"sharing economy†. The logic of these software is similar: the hands of users will be idle vehicles or take out housing resources, Uber and Airbnb will release these resources, in the form of information to the mobile terminal software and provide services to customers at low prices (Cannon Summersï ¼Å'2014; Matzler, Veider Kathan, 2014). The new business model brings customers significances, nevertheless, the rationality of the Sharing economy mode still exist many disputesRead MoreThe Main Characteristics Of Emerging Markets1417 Words   |  6 Pages90s twentieth Century, there were thirty or forty years. Countries such as Latin America, Brazil and others, which has been to a political independence countries in the early nineteenth Century. As for Russia, its predecessor, the Soviet Union, the economy has a more high degree of development.In short,these countries had lay a certain foundation before they growth rapidly in the field of economic,industrial,agricultural production,infrastructure,science,technology,education a nd other aspects of a certainRead MoreThe Ethics Of File Sharing1378 Words   |  6 PagesEthics of File Sharing File sharing is the act of someone making a copy of a file and sending it to another person. 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President Obama and his Administration has addressed the major risk of cybersecurityRead MoreAn Age Old Killer Interview1658 Words   |  7 Pagesconsumers are now sharing these goods and services. We are living through a significant and interesting shift, whereby hundreds of start-ups have emerged to challenge conventional business models. From organisations such as Airbnb, Uber, Task Rabbit and Lyft to identify a few of the more commonly known examples to Flipkey, Sidecare, Zaaily or Shuddle. Business relationships are being redefined and models of transaction have expanded from business to consumer to peer to peer sharing. Owyang 2013 definesRead MoreUse Of Knowledge Management ( Km ) And Innovation1387 Words   |  6 Pages 1. Introduction This report looks at the use of Knowledge Management (KM) and Innovation as a strategy in an organisation and how organisations have adopted the concept and principles behind the Knowledge Management theory and implementing them into the organisation to measure the successful delivery of the strategy. KM is a discipline that promotes an integrated approach for identification, capture, retrieval, distribution, sharing, use and reuse of information and knowledge assets. ThroughRead MoreEssay about The Impact of Music Piracy1144 Words   |  5 Pagesnot receiving the royalties they are entitled to for sharing their talent with their fans. This creates a lack of incentive artists need to continue creating new music. Secondly, many groups feel as if government and our own economies suffer greatly due to this crime. According to a report created for the International Intellectual Property Alliance (IIPA) in 1999, the copyright industry accounted for $348.4 billion in value to the U.S. economy, approximately 4.3 percent of the Gross Domestic ProductRead MoreStrategic Alliances Of Airlines : Economic Benefits For Consumers And Airlines Companies1340 Words   |  6 Pagesco-operation of commercial and operational areas, thus enabling competitors to become each other’s strategic business partners. Co-operation mostly include complying with other airline schedules, collaborative marketing, frequent flyer programs and code sharing. Also to stress on certain aspects, we also learnt cross-border mergers that are typical in other industries, seem to be prohibited for airlines in many countries. 4.1 Alliances – What are the advantages to the Airline Companies? Alliances act asRead MoreComputer Machines That Improve Our Lives Of Customers So They Can Enjoy Their Summer Barbeques1113 Words   |  5 PagesVIVID STORY We will deliver state-of-the-art machines that improve the lives of customers so they can enjoy their summer barbeques and last minute dinner plans (See report 1 â€Å"Busy Lives† section). Our solution will be incorporating IoT capabilities with our existing product categories. At the minimum level, such sensor-enabled and connected machines can inform customers with basic information, such as the product’s condition, the external environment and product’s operation usage. This one-to-one