Hospitality lends itself to disintermediation (Score 1)

The hotel industry exudes waste. Rooms constructed for the sole purpose of hosting strangers, suffer from 66% occupancy rates, despite huge capital investment. Fully one-third of hotel rooms lie fallow, incapable of monetization. Marriott’s tens of thousands of individual shareholders, often capable of hosting guests themselves, lack the necessary infrastructure. Platforms like Airbnb provide that infrastructure. Shareholders can now rent direct and avoid corporate waste, both capital and operating.