Buffett joins Airbnb to help shareholders resist hotels
The Wall Street Journal reported this week that Berkshire Hathaway is advising attendees of its annual shareholder meeting to avoid the exorbitant rates hotels charge that weekend by seeking alternative lodging through Airbnb. Airbnb is an online marketplace for people to list, discover, and book accommodations around the world. Airbnb describes itself as "the easiest way for people to monetize their extra space and showcase it to an audience of millions." The Berkshire Hathaway meeting draws more than 30,000 attendees to Omaha each year — a surge in demand that leads hotels in the area and airlines with local flights to jack up their prices. According to the Journal's report, rooms that go for $150 the rest of the year can easily rise to $495 a night during the shareholder meeting weekend.