Industry Update
External Article21 March 2014

As Airbnb Enters the Fray, Hotels Are the New Airlines

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"Men as smart as myself have got their asses handed to them on a sling with the airlines." -- Gordon Gekko, Wall Street Gekko, the iconic character played by Academy Award winner-Michael Douglas in the 1987 classic Wall Street, remarked airlines have historically been a terrible investment. If airlines are on a steady mend, it might be time for investors to begin worrying about the lodging industry, especially as home sharing website Airbnb and its publicly traded competitor HomeAway (AWAY_) seek to disrupt consumers' travel habits.

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