More than double the amount of Americans plan to use
sharing economy services for their travel plans this summer compared to 2015 due to an increase in familiarity and trust, according to the second annual Allianz Travel Insurance Sharing Economy Index released today by Allianz Global Assistance USA.
Half Of Americans Plan To Use
Sharing Economy Services Like Airbnb, Uber And Lyft For Summer Travel
Allianz Global Assistance, USA's third annual Travel Insurance Sharing Economy Index, showed that 50 percent of Americans are either somewhat or very likely to use
sharing economy services for the travel booking during this summer season.
As the years have progressed, familiarity has significantly increased across
all sharing economy services with Airbnb showing 51 percent (up 32 percent from 2015) familiarity among Americans and Lyft (56 percent; up 41 points from 2015) having seen the largest increase in familiarity.
Nearly eight out of 10 travellers (78 percent) are familiar with
sharing economy services in 2017, compared to just 66 percent last year and 47 percent in 2015.
Just 58 % of people 35 and older trust the sharing economy compared with 83 % of those between 18 and 34, the Allianz study found, and 77 % of millennials had actually used
sharing economy services compared with just 39 % of those 35 and older.
Uber is among the best known
sharing economy services offering what Uber would call a platform that allows the introduction of people offering ride shares to those seeking lifts to their destination.
Millennials make use of
sharing economy services — such as bike sharing and peer - to - peer lodging — at a rate more than double their Baby Boomer and Gen X peers, and are interested in expanding their sharing practices.
And with the rise of
sharing economy services such as AirBnB, offering a tiny house as a vacation or short - term rental home could be a way to get around the residency and building code issues of having a second dwelling on your property.
As we've written about in the past, millennials are more likely to put their travel money and time into
sharing economy services.
You talk to him about the election, where he lives in Manteca, and what other
sharing economy services he uses to piece together an income.
The company's chief executive has spent two years developing the idea, which could grow to eventually allow individuals to sell all sorts of services and ultimately even put it in competition with other
sharing economy services, such as Uber or Lyft.
«While Uber has steadily expanded to more cities across the US, we expect demand for transportation - oriented
sharing economy services, like Uber, to reach a cap,» said eMarketer forecasting analyst Oscar Orozco in a statement.
«Travelers opting for
shared economy services should protect their travel investment with travel insurance.
Not exact matches
With the
sharing economy expanding and on - demand
services booming, there are more rating and review systems being established to help people decide whom to do business with, said Karissa Sparks, the vice president of marketing at the reputation management firm Reputation.com.
One obvious candidate to take up this mantle would be Peers, an Airbnb - backed nonprofit that organizes
sharing -
economy participants and offers insurance and other
services.
This is another element about Airbnb (and other short - term - rental
services) that makes it different from other aspects of the so - called
sharing economy.
But it does demonstrate the downside to the so - called
sharing economy and on - demand
services.
Dropbox on Tuesday unveiled a new version of its popular cloud storage and file
sharing service that specifically freelancers and contractors of the gig
economy.
Airbnb and Uber are at the vanguard of the so - called «
sharing economy,» although a more accurate description of what they do might be person - to - person
services.
Shelby Clark, the new executive director of Peers, a San Francisco - based organization that supports members of the
sharing economy, embraces these developments, noting that ultimately there will be dozens of companies working to bridge
service gaps and make work more efficient.
The social media - enabled open feedback loop that's built into the
sharing economy is raising the bar on
service standards.
San Francisco - based Breeze, founded this year, offers customers week - by - week access to vehicles they can use to support jobs as drivers for Uber, Lyft and other
sharing -
economy platforms; co-founder Jeffrey Pang describes the
service as an «equalizer» for those who want to get in on the action but don't have cars of their own.
A significant
share of the corporate debt in stressed
economies is now owed by companies with weak debt
servicing capacity and this could negatively affect bank balance sheets and cut into profits, it added.
An unintended consequence of the regulation is that it provided a boost to London's financial
economy, as secondary
share trading businesses set up in the capital to
service clients across the EU, rather than being based locally or
shares trading on national exchanges.
There are no better examples of the impact of the on - demand
sharing economy than
services like Uber and Airbnb.
Some investors believe that the strongest tech companies are now «cycle - proof» — that is, their revenue and
share prices can rise regardless of the state of the
economy, because their
services and products have become essential to businesses and consumers.
This digitization is occurring at a faster rate in other industries, like the ride
sharing economy, «free» internet
services supported by advertising, and others.
Meanwhile, Uber, a vanguard of the new
sharing economy, just announced that they're making it easier for third - party developers to build apps for their fast - growing car - calling
service.
The results of Uber's legal battle could reshape the
sharing economy, which is built around Internet companies that serve as marketplaces matching people who provide a
service with others looking to pay for it.
Its model offered an alternative to traditional (and uncomfortable) cab
services, and turned the
sharing economy mainstream.
«Everyone thinks the gig
economy is for Millennials — Uber and Lyft drive -
sharing services, AirBnB home rentals and the like.
But the fast - paced and often double - digit growth that propelled such prosperity can't be maintained as
services become a larger
share of the
economy.
The Internet has facilitated a number of
services which are collectively known as the
sharing economy, whereby assets or
services are
shared between private individuals, either for free or for a fee.
As
economies become more integrated, and as the
share of goods and
services that are «tradable,» or are affected by trade, increases, the challenge of extracting some measure of underlying or trend inflation gets more interesting.
Sequence is used as a system of record by a diverse set of companies including mobile wallets, crypto asset exchanges, lending platforms,
sharing economy apps, payment
services, funding sites, asset managers, and many more.
Patricia invests in early - stage consumer and business
service technology startups across a wide range of industries including the
sharing economy, real estate and food tech sectors.
If
sharing economy companies have to hire their
service providers as employees, the added costs and administrative requirements would severely damage their profitability.
She's been writing about coworking and the
sharing economy since 2009 and now works with space operators and
service providers to amplify their stories and brand.
Sharetribe is a group of passionate people with a
shared vision: using technology to lead us to a collaborative
economy — an
economy where goods and
services are bought directly from one another, co-using and reusing existing assets.
Peer - to - Peer car
sharing service, Getaround, is making waves in the crowded
sharing economy market, signing up over 10,000 cars in the last year.
So this concept of having one source of truth
shared among different parties is extremely powerful and again has applications not only within financial
services but other areas of the
economy as well.
Airbnb's release closely follows one from travel and expense management firm Certify, which also noted steady growth in business travelers» use of «
sharing economy»
services.
Sectors are a segment of the
economy in which businesses
share a similar product or
service.
Oft - cited giant of the
sharing economy, Uber, has taken their ride -
sharing service a step further with «UberRUSH», using GPS enabled apps to connect drivers to ecommerce customers in real time for fast, last - mile delivery.
In the Collaborative
Economy, people
share and rent resources from the CROWD, rather than buying products and
services from brands.
Industry report states that since companies typically offer swimming pool cleaning
services within a limited geographic scope in order to limit transportation expenses, there are limited benefits to
economies of scale; consequently, there is a low level of market
share concentration.
The tourism, financial
services and real estate sectors of Lebanon's
economy are booming, and overseas remittances are pouring in from the Lebanese expatriate community, which has increasing ties to the country, making it one of the largest recipients of such income in the world, in terms of
share of gross domestic product.
So we are the earliest version of the
sharing economy from a
serviced office point of view, and people are now realising that
shared services are environmentally friendly and good business decision.
Airbnb, an apartment -
sharing platform, and Uber, a peer - to - peer payment ride
service, are both startups - turned - global companies contributing to the «
sharing economy.»