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Survey: More people who use Airbnb don't want to go back to hotels

The findings from Goldman Sachs show consumers are overcoming hesitancy about peer-to-peer lodging and giving such accommodations a try.

By Julie Verhage, Bloomberg | Updated on February 16, 2016
In this Oct. 16, 2015, photo, Bruce Bennett folds a blanket in a room that he makes available to rent in his home in San Francisco. (Photo: Ben Margot/AP Photo)

(Bloomberg) — Airbnb is less than eight years old, but it has already caused massive changes in the way people travel. While consumers may have initially been hesitant to try the service, a new survey from Goldman Sachs Group Inc. shows that once they switch, they don’t go back to hotels.

According to a note sent out by Steven Kent and his team, a recent survey of 2,000 U.S. consumers had some pretty troublesome findings for the hotel industry.

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