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Every person I know, young to old use airbnb now. I can't say the same for uber. Plus, as mentioned in a comment, although it would be have a higher market cap
by lettergram 10y ago
Every person I know, young to old use airbnb now. I can't say the same for uber. Plus, as mentioned in a comment, although it would be have a higher market cap than Hilton, Hyatt, etc. They also have no inventory, employees, property tax, and so on.
I see this valuation being low in a few years. Instead, of thinking of them as a hotel chain (or something similar), we should think of then as an insurance and travel company
- deleted 10y ago[deleted]
- mylons 10y agoI have the opposite anecdotal experience. Most people I talk with in the midwest do not use airbnb, they use vrbo.
- lettergram 10y agoWeird everyone in the Midwest (where I'm from) has only ever mentioned uber.
- codingdave 10y agoFor personal travel, I tend to hear the same. But for professional travel, the people I know still seem to be fairly traditional. It is not a good risk/reward balance to allow the possibility of a business trip being disrupted because of a bad host, or a surprise cancellation.