Chapter 7 The Impact of Airbnb on the Traditional Accommodation Sector in Trinidad and Tobago
DOI: 10.23912/9781915097064-5112 | ISBN: 9781915097064 |
Published: April 2022 | Component type: chapter |
Published in: The Sharing Economy and the Tourism Industry | Parent DOI: 10.23912/9781915097064-4970 |
Abstract
Changing consumer appetites and the digital revolution have given birth to a new modus operandi within the global hospitality and tourism industry (HTI). On the supply side, traditional structures and processes continue to be disrupted as new technologies are melded into the tourism value chain resulting in innovative products and services, an expanding base of stakeholders and the blurring of roles and responsibilities among consumers and suppliers (Altinay & Taheri, 2019; Farmaki et al., 2019). On the demand side, travellers are searching for more authentic and customised experiences through an immersion in the production process and co-creation of value with suppliers via technology. Through collaborative consumption or ‘sharing’, consumers engage in direct peer-to-peer (P2P) exchange of underutilized goods on a temporary basis, facilitated by sharing platforms. Sharing platforms specifically within the HTI have been widely discussed within the ambit of the sharing economy and are closely aligned to the creation of smart tourism destinations (Li et al., 2017). These platforms are necessary to foster interconnectivity and greater exchange of information among all stakeholders, a key characteristic of a smart destination (Jovicic, 2019).
Sample content
Contributors
- Tenisha Brown, The University of the West Indies (Author)
- Acolla Lewis-Cameron, The University of the West Indies (Author) https://orcid.org/0000-0001-5592-2350
- Leslie-Ann Jordan-Miller, The University of the West Indies (Author)
- Brian Fronti, Caribbean Tourism Organization (Author)
For the source title:
- Babak Taheri, Nottingham Business School (Editor) https://orcid.org/0000-0002-0912-9949
- Roya Rahimi, University of Wolverhampton (Editor) https://orcid.org/0000-0001-7520-3273
- Dimitrios Buhalis, Hong Kong Polytechnic University (Editor) https://orcid.org/0000-0001-9148-6090
Cite as
Brown, Lewis-Cameron, Jordan-Miller & Fronti, 2022
Brown, T., Lewis-Cameron, A., Jordan-Miller, L. & Fronti, B. (2022) "Chapter 7 The Impact of Airbnb on the Traditional Accommodation Sector in Trinidad and Tobago" In: Taheri, B., Rahimi, R. & Buhalis, D. (ed) . Oxford: Goodfellow Publishers http://dx.doi.org/10.23912/9781915097064-5112
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