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AirBnB isn't the entire hotel market. If total revenues for the whole market are 100, and AirBnB's share is 1. Then the total revenues only have to go up to 10
by dismantlethesun 10y ago
AirBnB isn't the entire hotel market.
If total revenues for the whole market are 100, and AirBnB's share is 1. Then the total revenues only have to go up to 102, for AirBnB to capture all the new revenue and thus double its revenue.
The marketshare isn't based on revenue, but total supply of rooms/listings available, so its possible to lose marketshare and gain revenue.