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Starwood Hotels Founder Says Airbnb Is ‘Changing the Landscape’

Jason Clampet photo
Jason Clampet

Skift Take

Airbnb will share taxes under certain conditions, as long as those conditions don't require it to tell local authorities if hosts are in compliance with local laws.

Starwood Hotels founder Barry Sternlicht made one of his regular stops on morning financial news shows today and entered into a conversation with the hosts about the sharing economy in general and Airbnb in particular. He used the appearance [video below] to lay out the case for how hotels can better compete with changes in the market, as well as what needs to happen to level the playing field. "It's undeniable that these industries are changing the landscape," Sternlicht said. "I think hotel companies are working hard now to make their product not just a commodity or

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