Interesting story from Wharton that illustrates a number of ideas from the book.
Airbnb was born in 2007, when two broke designers were trying to make rent on their San Francisco Apartment. When a design conference came to town, and hotels were sold out or charging surge prices, they bought some air mattresses put them on their floor, and rented them to conference attendees.
Obviously, the space on the apartment floor was more valuable to the conference attendees than it was to the two designers [Ch 2].
At the time, there were other home-sharing sites, like VRBO and Homeaway.com. But these were for vacation rentals. Airbnb was uniquely urban. Every time a conference came to town, demand for lodging would spike, and hotels would raise rates [Ch 12, "revenue management"]. Airbnb made money by sending some of this demand to apartment owners and renters.
The still-private company has grown rapidly and reached a valuation of $31B. As a result, the hotel price spikes have gotten smaller, called "compression" in industry jargon, because Airbnb supply is drawn into the market during these increases in demand [Ch 8].
Contact Dr. Peter at (concealed information) if you want to get your Husband, Wife, Boyfriend and Girlfriend back now and regain your happiness. firstname.lastname@example.org whatsapp +2348162247974 My heart was broken. I never believed I would get back with my husband anymore until Dr peter brought my husband back for me in 24hours Time with a powerful spell. He is reliable for positive results and ???? guarantee with no side effects of work contact him today if you have any relationship problem contact him on Whatsapp +2348162247974 or email email@example.com or Facebook page https://web.facebook.com/drpeterspellcaster22 website: https://drpeterspellcasters.wordpress.comReplyDelete