What is clear however, is that the collaborative economy is responsible for wide-ranging social and economic impacts and has proven to be very difficult to regulate.
However, there is little evidence to support these claims, and for a variety of reasons, it has been difficult to undertake research to verify such assertions (Dredge & Gyimóthy, 2015). The collaborative economy has been claimed to be more sustainable than traditional business practices by lowering consumption and using existing resources more effectively (Botsman & Rogers, 2010). It is, however, not as new as many advocates claim, and can be best understood as an old economic model that has been transformed by the digitalisation processes associated with Industry 4.0 (Gilchrist, 2016 Smit et al., 2016). It is opening up new business opportunities and livelihoods traditionally inaccessible to many individuals, and is driving deep transformation within existing industry practices. The emergence of the digital collaborative economy has had profound transformative effects on the structure, organisation and business logics underpinning contemporary tourism (Dredge & Gyimóthy, 2017).
This chapter explores the collaborative economy, tourism and sustainability.
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