Answer to Question #190825 in Macroeconomics for ksgu

Question

Explain the implications on Airbnb should South Africa implement a command economy.

Answer 1

To determine the value of Airbnb, Genesis Analytics' Shared Value practice was asked to conduct an independent study to measure the benefits of Airbnb to the economy.

According to the survey, two million guests have visited Airbnb listings in South Africa since the beginning of the company, and over 3.5 million have visited listings in Africa as a whole. Approximately half of these people arrived in the last year. Perhaps the most popular destination is Cape Town, which is followed by Johannesburg and Durban.