Airbnb Has a Plan to Steal More Business From Hotels

Rather than duking it out for market share as might be expected, Airbnb and traditional hotels are both enjoying banner years in the United States. Airbnb recently wrapped up $1.5 billion in new funding at a $25.2 billion valuation while hotels have reported all-time highs in occupancy, average daily room rates, and the money made off each room. This probably seems a little weird. How could a startup and the industry it was ostensibly established to disrupt both be thriving?

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