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Required information

Airbnb in $2020...$

Airbnb in $2020$

This case will introduce you to the sharing economy. In it$,$ you will compare and contrast Airbnb's business model with traditional models employed by bed and breakfast and hotel chain operators. Airbnb faces continuing challenges, and while it continues to demonstrate a growth trajectory that could result in an IPO, Airbnb will need to develop new strategic approaches to build out its model and surmount competitive forces.

Before completing these exercises, be sure to read the Airbnb case.

How would you illustrate and compare the business models for Airbnb...

How would you illustrate and compare the business models for Airbnb, large hotel chains such as Marriott and Hilton, and bed & breakfast operators? Use the example chart in the textbook for business models as a guide $($Concepts & Connections $1\mathrm{.}1).$

Select "yes" for those statements below that are accurate and choose $"$no$"$ for those that are not.

Airbnb customer value proposition is based on the use of technology, shorter stays, varying and different locations, and cheaper and unique accommodations.

Airbnb profit formula is based on transaction fees charged to users whom offer and rent accommodations through the app.