April 25, 2016
The Caribbean Hotel and Tourism Association (CHTA) has told its 32 member associations of a new challenge for the sector from the rapid rise of the online vacation home rental industry and other sharing economy businesses in the region. Fueled by hosting platform companies like Airbnb and Uber, there has been explosive growth in short-term vacation home rentals across the region. Airbnb recorded more than 25,000 listings in the Caribbean as of February and is projecting significant growth this year…
Source: http://www.guardian.co.tt/business/2016-04-25/hotels-facing-online-competition
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