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Tech Policy Podcast

#96: Recharging Hotels

Tech Policy Podcast

TechFreedom

Technology

4.845 Ratings

🗓️ 20 June 2016

⏱️ 15 minutes

🧾️ Download transcript

Summary

When we talk about hotels and the sharing economy, it’s usually about the hotel industry’s war against Airbnb, HomeAway, and other home-sharing sites. But today, we’re talking about the good news story of Recharge, a tech company that enables consumers to rent hotel rooms for a few hours, or even a few minutes. What’s behind this latest innovation in what otherwise looks like a stagnant industry. Jared Meyer, research fellow at the Manhattan Institute and author of Uber Positive: Why Americans Love the Sharing Economy, joins the show to discuss. Why does the company see Starbucks as its biggest competition?

Transcript

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0:00.0

Welcome to the tech policy podcast. I'm Evan Swardstrauber. On today's show, what if you could rent a hotel for an hour or two hours or even just one minute?

0:15.6

Joining me to discuss this is Jared Meyer, research fellow at the Manhattan Institute, and he's been on the show quite a lot. Jared, thanks for joining.

0:21.8

Hey, thanks for having me, Evan.

0:23.1

And as I've mentioned before, Jared's got a new book out, Uber Positive, Why Americans

0:27.4

Love the Sharing Economy, and I can get that on Amazon.

0:30.2

And today we'll be talking about a different aspect of the sharing economy with hotels.

0:35.5

So, Jared, most of the time when we talk about hotels in the context of the

0:38.9

sharing economy, we're talking about the wars with Airbnb and entrenched hotel lobbyists trying

0:45.5

to get cities to ban Airbnb and all this bad news. But today, we're only talking about good news,

0:50.3

and that's nice. And so tell us about this company recharge and what they're doing.

0:55.0

So it's a small company headquartered in San Francisco, which was started by Manny Bampho.

1:01.0

And what it is really is just a way to rent a hotel on your own terms.

1:06.0

You know, right now when you get into a city, let's say it at 10 a.m.

1:10.0

What are you going to do for five hours

1:12.3

before you can check into your hotel? And then if you want to stay a little bit longer, what

1:17.1

options do you have to have some more privacy after checkout time? But this goes far beyond that.

1:22.2

What recharge really does is open up hotels to locals. That they the hotels have a vast new market of people

1:29.2

who live in their cities who may want a place to just shower rather than going back to their house

1:33.9

or take a quick nap all this is about is putting dead capital unused hotel rooms to use and it's it's

1:41.2

really a happy story so far it's just purely a win and it shows the power of the

1:46.7

sharing economy. Yeah. And putting dead capital to use is really what it's all about. I mean, if you drive for

1:51.8

Uber, it's because you have this car that's sitting around and no one's using it. If you have Airbnb,

...

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