When AirBnb launched the age-old idea of swapping housing or privately renting out quarters via a digital app, it was a revolutionary economic act.
Now as the short term rental industry expands, the complexions of cities change. On one hand, residents must share space for those looking for an “authentic” experience. In another light, renters who grew AirBnB must compete with aggressive property owners and real estate developers.
The growing costs of healthcare and living expenses force many elders and retirees to enter back into the economy; however, age and limited physical abilities narrow the ways in which they can make money.
Trends see seniors using the sharing economy of hosting to supplement retirement income. AirBnB, the popular private short-term renting, hospitality service reports an increase of hosts 50 years and older in Europe and America.