Whether you revile or revere Airbnb, you cannot dispute the role the company has had in expanding and legitimizing the sharing economy. Sure there have been a few trashed homes here and there and the company is in an ongoing tussle with stubborn New York City business interests—the latest salvo is a coalition of “concerned citizens” who launched a site allowing Airbnb users to locate sex offenders and building code violations. The fact that NYC’s hotel occupancy rate hovers around 88 percent shows that Airbnb is hardly a threat, but in fact is really a complement, to hotels. And that is why more business travelers are using Airbnb when attending those conferences or sales meetings.
And why wouldn’t they? Take New York, where average hotel rates are approaching $300. In San Francisco, they are over $200 a night. (In fact, the city of San Francisco has finally realized that Airbnb is here to stay and voted to legalize and regulate short-term rentals.) And those rates are before a major conference hits town, which sends hotel prices up even further—if you can score one during one of those massive tech conferences at Moscone Center. So if you don’t want to walk from the Tenderloin to the SOMA in San Francisco, or get stuck in L.A. traffic because those hotels in Santa Monica or downtown were beyond budget, Airbnb could offer a more comfortable stay, with more workspace and room to chill, than an overpriced hotel room.Click to continue reading »