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I can understand Snowflake, Zoom etc. They benefited from things going remote and more software eating the world. AirBnB didn't benefit in any way. It just see

I can understand Snowflake, Zoom etc. They benefited from things going remote and more software eating the world. AirBnB didn't benefit in any way. It just seems insane that we will see such a pop in their stock price. Or am I missing something here? Does remote work means more business for AirBnB properties in the future?

ed312 6y ago
Renting an entire ABNB is considered a "safe" travel option by many. E.g. you live in the city but are sick of your 4 walls, so you rent a cabin in the woods for a long weekend. I suspect whole-home ABNB bookings are through the roof, mainly in the summer.
- kilroy123 6y ago
  I agree with you. I was on Airbnb yesterday, looking for a cabin in the woods for the weekend. I couldn't find a good option, why? The good ones were already rented.
raiyu 6y ago
Travel will rebound and their last quarter bookings while down are recovering well. They also have more “rooms” and any hotel chain without any of the capex or infrastructure costs so it’sa fantastic model that is light on cash and creates tremendous scale. The pandemic forced them to cancel advertising, save a ton of cash, and realize that their brand is strong enough that advertising isn’t really needed in the traditional sense which improves their balance sheet for 2021 and 2022 and future years.
baby 6y ago
Personally I’ve taken advantage of not having to be in the office to move out of SF and do airbnb hopping (stay a month here, a month there). It’s been great.
myth_drannon 6y ago
I used AirBnB for the first time this year to rent a cottage. The experience is stellar. For many years I used outdated sites like cottagesincanada.com or cottagesquebec.com, it was a nightmarish experience of looking for available cottage during the pandemic. I just gave up and used AirBnB. Sure I paid hundreds of dollars in fees and whatnot but it's just so much better experience (searching,reviews...). (And yeah, no hotels for travel so no Expedia in pandemic)
- tempsy 6y ago
  It works when it works, it doesn’t when it doesn’t. Meaning that the company has very little insight or control into the quality of any of their listings. So it’s always a dice roll. If the listing ends up looking nothing like the pictures, or is dirty, or you’re locked out you’re on your own, and the best you can hope for is not getting the run around from customer service and they refund you fully and/or put you somewhere else.
  - myth_drannon 6y ago
    The same applies to the alternatives.
    - tempsy 6y ago
      if there’s a problem with your hotel room, you can just get a different room. The hotel has much more visibility into problems than Airbnb does.
    - lazyasciiart 6y ago
      The alternatives are hotels that actually do know what the product they are selling you is, for almost all use cases of airbnb.
    - secabeen 6y ago
      Yes, but there is no reputation system attached. Having a strict reputation/review system for both hosts and guests creates strong incentives on both sides for quality rentals and well-behaved guests. No one wants a bad review.

ed312 6y ago

Renting an entire ABNB is considered a "safe" travel option by many. E.g. you live in the city but are sick of your 4 walls, so you rent a cabin in the woods for a long weekend. I suspect whole-home ABNB bookings are through the roof, mainly in the summer.

kilroy123 6y ago
I agree with you. I was on Airbnb yesterday, looking for a cabin in the woods for the weekend. I couldn't find a good option, why? The good ones were already rented.

raiyu 6y ago

Travel will rebound and their last quarter bookings while down are recovering well. They also have more “rooms” and any hotel chain without any of the capex or infrastructure costs so it’sa fantastic model that is light on cash and creates tremendous scale. The pandemic forced them to cancel advertising, save a ton of cash, and realize that their brand is strong enough that advertising isn’t really needed in the traditional sense which improves their balance sheet for 2021 and 2022 and future years.

baby 6y ago

Personally I’ve taken advantage of not having to be in the office to move out of SF and do airbnb hopping (stay a month here, a month there). It’s been great.

myth_drannon 6y ago

I used AirBnB for the first time this year to rent a cottage. The experience is stellar. For many years I used outdated sites like cottagesincanada.com or cottagesquebec.com, it was a nightmarish experience of looking for available cottage during the pandemic. I just gave up and used AirBnB. Sure I paid hundreds of dollars in fees and whatnot but it's just so much better experience (searching,reviews...). (And yeah, no hotels for travel so no Expedia in pandemic)

tempsy 6y ago
It works when it works, it doesn’t when it doesn’t. Meaning that the company has very little insight or control into the quality of any of their listings. So it’s always a dice roll. If the listing ends up looking nothing like the pictures, or is dirty, or you’re locked out you’re on your own, and the best you can hope for is not getting the run around from customer service and they refund you fully and/or put you somewhere else.
- myth_drannon 6y ago
  The same applies to the alternatives.
  - tempsy 6y ago
    if there’s a problem with your hotel room, you can just get a different room. The hotel has much more visibility into problems than Airbnb does.
  - lazyasciiart 6y ago
    The alternatives are hotels that actually do know what the product they are selling you is, for almost all use cases of airbnb.
  - secabeen 6y ago
    Yes, but there is no reputation system attached. Having a strict reputation/review system for both hosts and guests creates strong incentives on both sides for quality rentals and well-behaved guests. No one wants a bad review.