Some hoteliers play down the threat of Airbnb, but new projections forecast the homesharing platform will be the world’s second largest hospitality company in 2020 in terms of total room sales, behind the combined Marriott-Starwood, with nearly $40 billion worth of short-term rental sales per year.

The report discusses Airbnb branching out both with target audience and properties offered; independent hotels, serviced apartment operators and real estate agents are showing an interest in using the platform to rent out properties, but increasing the amount of commercial businesses offering properties on its platform could alert legislators, and in turn could limit its access to luxury properties.

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