News
Airbnb Is Changing City Life
May 9, 2016
Airbnb is bringing tourists into neighborhoods they've never been before, and is changing neighborhoods across the country.
New streams of revenue brought in by tourists can help revitalize poorer neighborhoods, but an influx of tourists can also push rents and retail prices higher and ultimately price out locals, MarketWatch reports.
Researches at Yale and the Institute for the Future agree that while travel platforms are massively positive for the development of tourism, cities need to think of ways to prevent gentrification and preserve their character. [MarketWatch]
