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Great video on why Hotels aren't threatened by the rise of Airbnb: https://youtu.be/-IdQ0sXCbxE
Until I watched this video, I had no idea that most hotel chains today are operating on an asset-light business model, much like what $ABNB utilizes.
I personally can't see hotels ever going extinct because they have a much different offering than what companies like Airbnb & VRBO are offering.
As a commenter on the video said, "airbnb isn't messing with the hotel industry, they are messing with the housing prices."
Thoughts?
YouTube
Why Airbnb Fails to Disrupt the Hotel Industry
Cost is the biggest barrier to scale in the hotel industry. It takes on average 2-3 years to build a hotel. The upfront cost for design, permits, and const...
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