June 27, 2016
Imagine Pac-Man as Airbnb, slowly gobbling up the profits of the hotel industry around him. Then imagine the ghosts as hotels, scrambling to save themselves as Pac-Man eats into their profits. That’s just one way to illustrate what could happen to Canada’s accommodation sector if the home-sharing company keeps growing as it has. A new report by Ryerson’s Ted Rogers School of Management and hospitality consultancy HLT Advisory shows just how much Airbnb has grown across Canada since 2010 — and the share of the accommodation sector it managed to grab last year….
Source: http://www.huffingtonpost.ca/2016/06/27/canadian-airbnb-hotel-profits_n_10708198.html