CTA 3 - Airbnb has come a long way now since 2007 from renting air mattresses to where it has come today A novel idea at that time it\u2019s business model

CTA 3 - Airbnb has come a long way now since 2007 from...

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Airbnb has come a long way now since 2007, from renting air mattresses to where it has come today. A novel idea at that time, it’s business model has created great convenience for travelers and consumers alike. As a consumer myself, I certainly like the increased options that I have, in particular when hotels are pricey and motels have the sleaze stigma attached to it. While many Airbnb offerings are run down, most give the consumers a good deal, in terms of amenities, parking and even breakfast. These are some of the offerings that allow Airbnb to match with the services that a hotel provides. The rise of Airbnb has certainly caught the public’s attention and given the world a new consideration. Of course such eye catchy deals have lead to increased bookings for Airbnb offerings which in turn results in businesses of hotels being affected. It is natural economic sense that a consumer may opt for the best value for money and convenience. For instance, it could be very costly to book a hotel in Manhattan or NYC. A
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