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Alex Allison (left) and Dustin Abney (right)

The Airbnb economy is evolving to be more like the hospitality industry, and as demand increases for vacation rentals, hospitality mainstays are adopting the Airbnb model. While the alternative rental industry has evolved substantially over the last decade, the market will continue to evolve for the next five years with an increase in institutional ownership, asset class creation, and hospitality. This year, the revenue is expected to reach $30 billion.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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