Updated on May 21, 2019
There’s a new shift in today’s rental market. It’s a new culture based on peer-to-peer (P2P) sharing.
A ‘sharing economy’ or ‘collaborative consumption’ is a popular economic model that is transforming the rental market.
- Renters save money; owners make money; and properties beat standard hotels and rental agency locations.
- It’s the same economic principle based on Uber.
- The peer-to-peer rental market is valued at around $26 billion.
Infographic created by ralarm.com
