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The Sharing Economy Enters the Business of Business Travel

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This story appears in the February 2015 issue of Entrepreneur. Subscribe »

On business in Miami, Andy Abramson, founder of Del Mar, Calif.-based marketing communications agency Comunicano, stayed in a high-rise with a spa, pool and a choice of restaurants nearby. The room came with fluffy towels, smart TVs and Wi-Fi. A similar resort would have cost him $400 per night or more, but Abramson found this rental apartment using Airbnb. It cost $180 per night.

Airbnb

“To me, for a few nights, and to save close to $500 in costs and get more, it’s a no-brainer,” says Abramson, who travels some 200 days per year. For road warriors like him, business lodging is no longer the uniform shuffle from one bland corporate hotel to another. The rise of short-term-stay options, enabled by the reservation platform Airbnb, has challenged that norm. 

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