Airbnb, Uber and Sharing Economy - Case Study Example

The paper "Airbnb, Uber and Sharing Economy" is a good example of a marketing case study. The Sharing Economic atmosphere is a socio-economic system that worked around the sharing of human and physical assets. It offers the disseminated production, appropriation, exchange and utilization of goods and services by various individuals and organizations. Whilst the sharing Economic climate happens to be in its early stages, referred to most remarkably as a series of services and new companies which permit P2P trade through innovation, this is the start: completely and potentially it is a new socio-economic framework which installs sharing and participation at its center - overall ranges of interpersonal and financial life. (Gose 2013)

The Sharing Economic atmosphere includes the following perspectives: swapping, trading, aggregate buying, collective utilization, shared possession, shared worth, co-agents, co-creation, reusing, upcycling, re-distribution, exchanging utilized products, leasing, obtaining, loaning, membership-based models, distributed, communitarian economy, circular economy, pay-as-you-use economy, wikinomics, shared loaning, smaller-scale financing, small scale business, online networking, the Fine work, social enterprise, futurology, crowdfunding, crowdsourcing, support to-support, open-source, open information, client delivered content (UGC). (Paulsen 2014)

Hajj, one pillar of Islam, is one of five mandatory basic Muslim pillars. It is incumbent upon each Muslim to make the journey to the blessed city of Mecca in any event once in their lifetime, it they can bear to and are sufficiently healthy to travel and perform the ceremonies. "Afford" is of prime significance – in light of the fact that the yearly journey is of impressive cost. By and large, it costs USD 6,000 (£3,700) for a person to make the yearly journey. This implies the millions who come to Saudi Arabia every year, contribute a great many dollars to the Saudi economy.

The number of individuals coming to Mecca to perform Hajj is expanding by the year and it is evaluated that the number is liable to increment from 12 million to right around 17 million by 2025. The high number of explorers have added to the improvement of the religious tourism industry inside of Saudi Arabia, which makes up to 3 percent of the nation's (GDP).

Incomes from Haj and Umrah services in 2012 were recorded at more than SR 62 billion ($ 16.5 billion), up 10 percent, up from the 2011 figures. While the vast majority of the flood of capital is seen by Mecca and Medina, the advantages are likewise harvested by support services taking into account the solace and needs of those going for their Haj and Umrah.

Market portion - whether it's the luxury, economy, or something in the middle - to a great extent figures out what clients need most in a hotel stay. In spite of the fact that clients in all sections value price, security, room quality, and location while picking a hotel, these basics simply take care of the expense of entry in today's competitive accommodation industry, and they offer no insurances for winning repeat business.

To accomplish supportable, long haul development, hoteliers must build up a profound comprehension of the sort of clients they need to pull in, then offer an experience that is customized to that particular gathering. By turning out to be more receptive to the inclinations of present and potential visitors in their segment, hospitality organizations can all the more precisely target and build important, enduring relations with them. On account of Airbnb, we will concentrate on three variables to be specific; room quality, worth and security since a portion of alternate components are not pertinent for Airbnb's situation. (Gallup 2014)