When attending out-of-town conferences, my friend Sara saves big money by staying in a room at another person’s house through Airbnb. She swears by the lower cost compared to a traditional hotel room and the positive experience of getting to know her hosts.
Airbnb connects people who have space to spare with those who are looking for a place to stay.
The site utilizes a secure payment system and offers a platform for both the guest and host to review each other so that others can benefit from their experience, similar to the way we securely buy items and rate them on Amazon. Airbnb is an example of the rise of the sharing economy, in which people rent beds, car rides or equipment directly from others via the Internet.
The great benefit of this type of economy is that owners make money from underused assets and