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When I was reading the International New York Times on a recent flight, the paper had interesting piece about Airbnb that has now reached significant milestone of more than one million rooms available on its site.

New York Times Airbnb Grows To- A Million Rooms And Hotel Rivals Are Quiet For Now

Airbnb system now has more rooms available for booking than what Hilton or Marriott has. There have been also studies that show that greater number of Airbnb rooms available affects the pricing power of traditional hotels in cities such as New York and Austin. [click to continue…]

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A couple of weeks ago, there was a piece about someone’s apartment in New York being trashed by a Airbnb sex party (read more here).

This time New York Post reveals that pimps are using Airbnb apartments as short term brothels.

Airbnb Brothels

Apparently, they just “rent” the apartment for a week and just use it for their “business”. There are less eyes prying what is going on compared to hotels, gives law enforcement a moving target and apparently this saves the pimps money as well (though no loyalty points). [click to continue…]

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There has been two rather interesting news pieces about the Airbnb this week: the recent fund drive hat values the company at $10 billion and ransacked apartment in New York.

Airbnb

The case with the ransacked apartment is more interesting than the fund drive and goes to the heart of this “sharing” economy. Can you really and I mean REALLY trust your home to someone for the weekend at few hundred bucks per night? [click to continue…]