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Over the last two decades, the idea of a sharing economy has gained increased po
Over the last two decades, the idea of a sharing economy has gained increased popularity. In a sharing economy, people make money from their underused assets and/or free time. A notable example of a sharing economy company is Airbnb – an online-based accommodation-sharing platform. Indeed, the rise of Airbnb has given rise to a new group of smart entrepreneurs who are often known as “rentalpreneurs”.
Against this background, imagine that you own and occupy a three-bedroom house in Auckland City. You rarely use your 3rd bedroom; hence, you are thinking of earning some extra money by listing your 3rd bedroom on Airbnb. However, before pursuing this opportunity, you want to do some analysis first.
Question. What additional non-financial factors do you need to consider in order to make a fully informed decision about whether to list your 3rd bedroom on Airbnb or not? Explain your answers.( word limit 500 words)
Notes:
• You must research the business environment and operations of Airbnb. All your answers must be relevant and specific to Airbnb’s operational context.
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