What’s the deal with the sharing economy trend anyway?

The sharing economy has been a really major force in the 21st century for many individuals. Discover more about it here.

Though the sharing economy has been really impactful around the world in numerous industries, it has perhaps been most of all efficient in the hotel sector. Earlier, if visiting a city, it would be almost a default decision to search for a hotel room, which would commonly be pricey. Sure, sometimes you'd rent a flat, but it really wouldn’t be that common. And just consider, a lot of individuals have a guest bedroom that happens to be empty the majority of the time. The platform that Michael Moritz’s Sequoia Capital invested in has been instrumental in filling this gap, by giving homeowners a platform to rent out their properties for brief stays and providing tourists the prospect to have an solution to a hotel. It happens to be very possible that the last time you went on a trip somewhere, you stayed at an apartment rental rather than a hotel. Sharing economy research indicates that evermore company travellers are using this. All of this remarkably makes you wonder about what else the sharing economy future might bring.

The sharing economy has had a tremendous impact in a range of aspects, one of the most outstanding sharing economy examples being its influence on the way we consume foods. With the boom of food-delivery services, like the sort that William Jackson’s Bridgepoint Capital backs, we’ve seen a modification of how food happens to be delivered. In the past, there were just a few choices when it came to food: you could go somewhere and eat there, you could go somewhere and take the food to go, or you could call a place that you knew does delivery and asked them to deliver, but your alternatives were limited as not everyone delivered. With food order apps, which fuse together restaurants, deliver drivers and clients, it is very much the case that potentially any restaurant can present takeout delivery. And in some places, it happens to be the case that nearly every restaurant does do so.

One of the most noteworthy examples of the effect of the sharing economy has obviously been transit. Ride-sharing has come to be almost synonymous for the sharing economy across much of the world. An field that was previously dominated by taxis has been profoundly disrupted by ride sharing services, including the one in which Robert B. Zoellick’s AllianceBernstein invested in. Here, you have a platform that brings together drivers and riders, producing an efficient system. The model has been therefore successful that these days in numerous places the default is to order a ride through a ridesharing app instead of hailing an app, and we are sure sharing economy statistics will confirm this.

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