2. The History of Shared Economies Peer to Peer Lending/Trading Shared Economies in the Internet Age Collaborative Consumption (CC’s) Example: Groupon Hamari’s 4 Factors to successful CC’s

3. Airbnb Enters the Market Short Term Rentals in over 190 Countries Over 25 Million Rentals so far Making Apartment Sharing Safe Rating System A new way to travel

4. Airbnb vs. Hotels: A Texas Study Boston University Case study on Texas Hotel Revenue dropped.35% for 10% growth in Airbnb Uneven hit to hotels Findings show small affect to large national chains

5. The Hotel Industry Reacts Price Drops in New York City January 2015 Revenue available per room (revpar) dropped 18.6% YtY Primarily due to the rise of Airbnb and short-term rentals Hotels advertise stability

6. Airbnb: Ethics and Legality 75% of NYC listings illegal Confusing terms & Conditions help Airbnb

7. The Change That Needs to Happen New Markets emerging, laws need to adapt Airbnb and Hotel industry are complementary Marriott CEO Arne Sorenson: Not worried Propose new NYC Law Be the model of needed change

8. The Results Citizens win Renters are protected Everyone is on the same playing field

9. THANK YOU