I have a new piece on BBC Capital Today about the sharing economy. Here’s how it starts:
A few years ago, a large event in Saskatoon usually meant more business for the Chaplin Country Bed and Breakfast in Saskatchewan, Canada. “I’m about 10 minutes out of the city, so when the city hotels and bed and breakfasts fill up, I would often get their overflow,” said owner Kathy Chaplin.
But those days are over. As the popularity of home-sharing website Airbnb has grown — a recent search found 48 listings in Saskatoon, ranging from $184 for an entire three-bedroom home to $41 to rent a couch in the owner’s living room (bring a sleeping bag and pillow) — Chaplin’s business has slowed down. She has seen her business drop by 30% in the last two years.
To read more click here.