Checking in with Airbnb
While filming our next Boardroom Breakfast, the Montgomery team had an extensive discussion about disruption. As an appetiser for our clients interested in the power of disruption in today’s shared economy, Airbnb’s latest figures are well worth a read.
Airbnb is an online marketplace for shared accommodation. Last year the service was used by 30 million people in 191 countries and in over 34,000 cities. Not bad for a company that was founded in 2008. But what’s even more striking is the exponential adoption of the service. As evidenced by the below graph from their summer report, adoption during the first five years of the company’s life was gradual before really taking off.
As we discussed in a previous post, the speed at which society is changing is simply extraordinary, and investors must be aware of the opportunities and threats presented by rapid change on a large scale.
The Montgomery team produces the Boardroom Breakfast video exclusively for investors in the Montgomery funds.
Ben MacNevin is an Analyst with Montgomery Investment Management. To invest with Montgomery domestically and globally, find out more.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
INVEST WITH MONTGOMERY
