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Melrose Carter · October 19, 2018 at 5:24 pm
Much like timeshares without the permanent investment, so some of the people that spoke are really operating timeshares since they own the property.
"I have no specific information about the effect of Airbnb on the timeshare industry, so the following is educated speculation.
I suspect that the effect, at least so far, has been quite modest, largely because there is relatively little product overlap.
People buy timeshares because they are willing to spend some amount of money, up-front and every year thereafter, for a feeling of assurance concerning the quality and style of an annual vacation week.
People use Airbnb because they want a reasonably affordable place to stay at a particular locale and time, and they are willing to be adventurous concerning the accommodations they will receive.
I expect, however, that going forward interest in timeshares will diminish greatly - fundamentally, because millennial's (such as our daughters) will have less interest in tying themselves to a single vacation provider than boomers (such as yours truly) do. They already are accustomed to on-demand services of many sorts. Airbnb likely will have a role, but I expect that new services that no one yet has thought of will be even more important."
Dana H. Shultz, works at Dana H. Shultz, Attorney at Law