In: Economics
“Sharing economy doesn’t replace owning. It is
creating and expanding markets for where there were never markets
before.” Do you agree with April’s statement?
Why or why not? For example, is the sharing economy ‘stealing
guests’ from branded hotels? Use some type of article or research
to back up your assertion.
Take a quick look at this article and this article for some context. In relationship to tourism, how has the sharing economy been impacted by and coped with COVID-19 as compared to ‘traditional hospitality’ counterparts? Find an article to back up your assertions.