What's the deal with the sharing economy trend anyway?

Learn what the influence of the sharing economy has been by looking at a couple of key markets where it has been a tremendous driving force.

The sharing economy has had a great affect in a range of aspects, one of the most outstanding sharing economy examples being its influence on the way we consume foods. With the boom of food-delivery services, like the sort that William Jackson’s Bridgepoint Capital backs, we’ve seen a transformation of how food happens to be delivered. In the past, there were just a few decisions when it came to food: you could go somewhere and eat there, you could go somewhere and take the food to go, or you could call a location that you knew does delivery and asked them to deliver, but your ideas were limited as not everyone delivered. With food order apps, which fuse together eateries, deliver drivers and consumers, it happens to be very much the case that potentially any restaurant can offer takeout delivery. And in some regions, it happens to be the case that roughly every restaurant does do so.

One of the most notable examples of the affect of the sharing economy has indeed been transit. Ride-sharing has come to be almost synonymous for the sharing economy across much of the world. An industry that was earlier dominated by taxis has been profoundly disrupted by ride sharing provider, including the one in which Robert B. Zoellick’s AllianceBernstein invested in. Here, you've got a platform that brings together drivers and riders, creating an reliable system. The model has been so successful that these days in numerous places the default happens to be to order a ride through a ridesharing app instead of hailing an app, and we're sure sharing economy statistics will confirm this.

Whilst the sharing economy has been very impactful around the world in so many markets, it has perhaps been the majority of all effective in the hotel sector. Previously, if visiting a city, it would be practically a default decision to check for a hotel room, which would frequently be pricey. Sure, sometimes you’d rent a flat, but it seriously wouldn't be that typical. And just consider, a lot of people have a guest bedroom that is empty the majority of the time. The platform that Michael Moritz’s Sequoia Capital invested in has been instrumental in filling this gap, by giving homeowners a platform to rent out their properties for short stays and providing tourists the opportunity to have an option to a hotel. It is very conceivable that the last time you went on a trip someplace, you stayed at an apartment rental rather than a hotel. Sharing economy research suggests that increasingly company travellers are applying this. All of this actually makes you wonder about what else the sharing economy future might bring.

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