Airbnb is in talks to raise more than $400 million from investors, and on track to become the world's largest hotel business. So why aren't the big chains more worried?
In January, when Airbnb CEO Brian Chesky learned that Marriott International, one of the largest hotel groups in the world, planned to add 30,000 rooms to its property portfolio in the coming year, he defiantly boasted, "We will add that in the next 2 weeks."