Airbnb’s Disruption of the Traditional Hospitality Industry
The hospitality industry has profoundly transformed over the past two decades, with Airbnb leading the charge as a disruptor. Founded in 2008, the company revolutionized travel by creating a platform connecting hosts with guests, offering accommodations ranging from spare rooms to luxury villas. This case study explores how Airbnb disrupted traditional hospitality models, examining its business strategy, market impact, challenges, and prospects. Origins of Airbnb The company began as a solution to a personal problem and has evolved into a...