Using segmentation to compete in the age of the sharing economy: Testing a core-periphery framework

•The sharing economy has become a significant component of the accommodations industry.•Need for a segment-based understanding of the nature and dynamics of experiential consumption.•Study examines moderating effects of individual characteristics and situational factors on experiential consumption.•Situational factors have a greater impact than individual characteristics.•Study offers the core-periphery framework of the hospitality consumption experience.