Airbnb has terrified the hotel industry so much, it just agreed to a $17.2b merger

The sharing economy is scaring the hotel industry. Two giant US-based hospitality companies with extensive operations in Australia are uniting to form the world’s biggest hotel chain. And it’s difficult to avoid the conclusion that they are doing so to combat the threat of Airbnb. Marriott International announced overnight it is buying Starwood Hotels, owner of Read more…