Nigel David, Business Development Director APAC region, World Travel & Tourism Council: The shared economy is very important to the tourism development of a city.

The shared economy is very important to the tourism development of a city. Business models like Airbnb allow people to open up their homes to invite local or international guests. That is a big opportunity to help transform the traditional tourism model. We believe that the advantage and potential of shared economy will be a win-win situation in the future development of tourism industry.