The sharing economy and the future of the hotel industry: Transaction cost theory and platform economics
MIB Trieste School of Management is pleased to share an
anticipation of a co-authoring paper, by 2 members of our Faculty.
The article will be published next April by Elsevier on the
International Journal of Hospitality Management.
- We examine development of peer-to-peer sharing platforms as a strategic threat to hotel chains.
- We use transaction cost theory to explain key features of sharing platforms.
- We offer strategic and tactical recommendations for the hotel industry to respond to sharing platforms.
- Hotel chains can leverage both transaction uncertainty and asset specificity to develop integrated sharing platforms.