Making hay while the sun disappears: will the sharing economy have an effect on the traditional surge pricing of hotels along the path of the total solar eclipse in the US? Calculations after the event may shed some light.
The eclipse will test whether Airbnb, HomeAway, and other home-sharing sites are having any effect on hotels’ ability to charge surge pricing, which is seeing some rooms in Wyoming tripling their normal rates to maximise profit.
Bloomberg has reported 50,000 people are staying in Airbnb properties along the path of the eclipse on Saturday and Sunday, compared with just 11,000 the previous weekend. Hotels say they aren’t seeing much rate impact from Airbnb, but figures around profit and capacity after the event will tell more.