How the Sharing Economy Is Taking Over Corporate Travel – G2

$401. $456. $548. So it goes for spending an average weeknight in a three-star or higher-rated hotel in downtown San Francisco during the workweek.

As traditional hotel chains, airlines, and rental car companies continue to reap the profits of unwieldy business travel expenses, a new trend is emerging among many business travelers: participation in the sharing economy.

Sure, getting a home share for a vacation can be a great way to save some money and maybe have a bigger, more relaxed space. In fact, the sharing economy is projected to grow to $335 billion by 2035, according to a recent report from PwC. But how did the sharing economy suddenly become one of the most popular business travel trends? Let’s investigate.

The sharing economy is taking the business travel world by storm. Here’s why.

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