HTT 303 Lecture Notes - Lecture 12: Rover.Com, Lyft, Carpool

• School: Ryerson University
• Department: Hospitality/Tourism
• Course: HTT 303
• Professor: daniel guttentag

Document Summary

The sharing economy (cid:862)colla(cid:271)orati(cid:448)e (cid:272)o(cid:374)su(cid:373)ptio(cid:374)(cid:863) (cid:862)colla(cid:271)orati(cid:448)e e(cid:272)o(cid:374)o(cid:373)(cid:455)(cid:863) (cid:862)peer-to-peer e(cid:272)o(cid:374)o(cid:373)(cid:455)(cid:863) Basic idea is access over ownership, often with peer-to-peer connections: o, (cid:374)ot (cid:374)e(cid:449). Ort of like : blockbusters, library, bed and breakfast. But (cid:373)oder(cid:374) (cid:862)shari(cid:374)g e(cid:272)o(cid:374)o(cid:373)(cid:455)(cid:863) reall(cid:455) a(cid:271)out large platfor(cid:373)s e(cid:374)a(cid:271)led (cid:271)(cid:455) (cid:374)e(cid:449) tech. Two different models: maintain access without ownership, car 2 go, spotify, netflix, peer-to-peer offering access to underused assets, airbnb, eatwith, uber x, prosper, dogvacay. Roots of the sharing economy: 2008 recession, values: local consumption, authenticity, sustainability, community, connectedness, tech, reviews serve two purposes, learn about each other prior to transaction, promotes acceptable conduct. What other tech made this possible: gps (cid:862)ride shari(cid:374)g(cid:863) is (cid:373)ore peer-to-peer, uber, lyft. Uber charges a booking fee, takes 20-30% commission. Uber inspects vehicles, checks insurance, etc. , runs background checks on drivers. Cost of ny medallion half of 2013: not selling in chicago, boston. Trips down 15% in nyc, 30% in la.