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I think the OP's point is they don't have to pay for the real estate regardless of occupancy unlike traditional hotels. This is more lost opportunity cost than
by tclancy 7y ago
I think the OP's point is they don't have to pay for the real estate regardless of occupancy unlike traditional hotels. This is more lost opportunity cost than revenue being taken away.
- CydeWeys 7y agoWhat? This doesn't make any sense. Of course they're losing massive amounts of revenue. Their business model is to make a cut off each booking, and bookings are down massively. At the same time, they have large fixed costs because they have a lot of employees and leased office space. So money coming in goes down massively while money going out doesn't. EDIT: It sounds like others are talking about pre-coronavirus times whereas I'm talking about now (like the linked article is).