Airbnb and the Unintended Consequences of 'Disruption'

Twenty years ago, there were few options for accommodations when taking a trip. If traveling for pleasure, you’d usually wind up enjoying local attractions from a hotel room in a resort town, or perhaps, if you booked through a local agent, you could stay in someone else’s vacation home. You probably weren’t living as the locals did; and weren’t discovering local haunts. Airbnb has changed that. A majority of Airbnb’s customers are affluent people under age 35 who travel for pleasure and want an authentic experience. Airbnb has created a way for locals to make more money and for tourists to live like locals...