"several hundred jobs a year" are lost to the hotel industry in San Francisco due to the popularity of Airbnb, according to union boss Mike Casey. In an article in The Washington Times, Romina Boccia reveals how hotels and employee unions are aggrieved that tourists are benefiting from the sharing economy. However, Boccia also warns against protecting "crony interests", and highlights how sites such as Airbnb are helping residents afford to live in such popular areas, while visitors' spending directly boost the local economy.
"Several hundred jobs a year" are lost to the hotel industry in San Francisco due to the popularity of Airbnb, according to union boss Mike Casey. In an article in The Washington Times, Romina Boccia reveals how hotels and employee unions are aggrieved that tourists are benefiting from the sharing economy. However, Boccia also warns against protecting "crony interests", and highlights how sites such as Airbnb are helping residents afford to live in such popular areas, while visitors' spending directly boost the local economy.