Estimates predict that Airbnb will service 129 million guests this year and that the company’s own revenue may top $1.6 billion this year.

A survey of 1,400 US travelers also showed that 51% of business travellers preferred Airbnb to hotels for their business trips, although almost all had also used hotels in the past year, showing that guests may prefer Airbnb-style lodging for some types of trips but not for others.

Over-all, sites such as Priceline and Expedia are future-proofing by investing in vacation rentals and other self-catering, short-term properties.

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