Segments/ Sharing Economy in the Time of Crisis

The current Covid-19 crisis has changed a lot in the tourism sector and the concept of sharing economy was hit very hard. Travelers are not comfortable with sharing somebody’s car, apartment, or bathroom. Companies like Airbnb are thus forced to reorganize and find new ways to attract customers. As a result, new innovative projects have seen the light.


Articles

HOW WILL THE COVID-19 CRISIS AFFECT THE SHARING ECONOMY? tourism

HOW WILL THE COVID-19 CRISIS AFFECT THE SHARING ECONOMY?

Andrea Hausold

The Covid-19 crisis has taken a heavy toll on every-day life and the tourism industry has been one of the most affected sectors. Many companies are in critical situations and have been forced to adapt to the “new normalcy” to stay in business. However, there is one part of the industry that is having a tougher time than any other: the sharing economy. Expert Erik Gordon from the University of Michigan’s Ross School of Business spoke about the effects of the crisis on the shari...
AIRBNB MODEL TO CHANGE – OWNERS TURNING AWAY FROM SHORT-TERM RENTALS tourism

AIRBNB MODEL TO CHANGE – OWNERS TURNING AWAY FROM SHORT-TERM RENTALS

Andrew J. Wein

The Covid-19 pandemic and the resulting health and economic crisis have hit the tourism sector hard. This unprecedented period is raising many questions. Should tourism reinvent itself? What will the new “normal” look like? The situation we are experiencing today is necessarily more favorable to hoteliers than to Airbnb. The hoteliers are likely to recover their market share because hotels are considered more secure in terms of health than an apartment rented by an individual. Hote...
BIKE-SHARING IN CHINA BOOSTED BY THE COVID-19 CRISIS tourism

BIKE-SHARING IN CHINA BOOSTED BY THE COVID-19 CRISIS

Bike-sharing is a phenomenon that has been developing globally for some time now. The sector grew exponentially in China three years ago, but last year the growth came to an abrupt end. However, after the Covid-19 crisis, bike-sharing experiences yet another boom as Chinese people try to avoid public transport due to the fear of infection. Bike-sharing companies have also chosen a somewhat different approach and have corrected their past mistakes with the goal to provide better services to the...
FAIRBNB: WHAT CAN THE FAIR AIRBNB ALTERNATIVE DO? tourism

FAIRBNB: WHAT CAN THE FAIR AIRBNB ALTERNATIVE DO?

Ashley Nault

Airbnb has a reputation for promoting mass tourism and displacing local residents. The new Fairbnb portal, on the other hand, as an Airbnb alternative, has a different operational model. It limits the number of apartments and supports social projects. Is this a concept of the future? Fairbnb Peculiarities Federico’s small apartment offers a view over the rooftops of Genoa, space for two guests, air conditioning and Wi-Fi. All for 46 euros a night. An offer that, at first glance, does not...