This document discusses how peer-to-peer (P2P) platforms are disrupting the travel industry. It outlines various P2P services focused on hospitality, experiences, transportation, and social connections. While some traditional players view P2P as competition, the document argues they could embrace it by partnering with these startups, launching complementary services, or taking inspiration from what consumers like about P2P's authentic local experiences and ability to connect and share. It also notes that P2P appeals most to millennials but could attract other generations, and that established brands have strengths around trust and convenience that P2P lacks.