Airbnb is primarily additive. I don’t think it’s stealing much share from urban hotels. I think it’s serving people who didn’t travel because they were scared, or couldn’t afford it, or use it because it’s an antidote to loneliness. A room in someone’s house is not as valuable as a room at the Helmsley.
IAC’s Barry Diller, whose portfolio includes both Expedia and Match.com, talking to Bloomberg Businessweek
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