4 ms·
Perhaps a small datapoint suggesting an economic recovery?
by adelevie 16y ago
Perhaps a small datapoint suggesting an economic recovery?
- WillyF 16y agoThe way that I understand Airbnb's business is that they're providing an "inferior good" at least when compared to a hotel room (this is not a slight on their business). Inferior goods usually do well in poor economies (if I remember correctly, Hormel was doing really well with Spam just after the recession hit). So the fact that Airbnb is doing well probably may not be indicative of a positive trend for the economy. Then again, one company's success or failure rarely has much to do with the economy anyway.
- pchristensen 16y agoMy guess is that people go to AirBnB for the experience of meeting people, staying in an authentic locale, etc. It seems like a new disruptive product (which would also make it "inferior" to standard hotels).
- Super_Jambo 16y agoPersonal anecdote I know, but I used AirBnB to stay in Paris last month - it was all about price.