5 ms·
I think AirBNB itself is at fault for the price inflation. They advise their hosts as to market prices using some sort of calculator (source: friend who runs an
by voisin 5y ago
I think AirBNB itself is at fault for the price inflation. They advise their hosts as to market prices using some sort of calculator (source: friend who runs an AirBNB) and the output seems to be absurd, but when everyone in a market follows it, it becomes the market. AirBNB is relying on the idea that it is big enough that the other guys (VRBO, etc) will follow suit since everyone wins. I have been shocked recently to see how much cheaper good quality hotels are than AirBNBs.
- chillacy 5y agoIf people are willing to pay, it becomes the price, and people are definitely paying. Anecdotally from my friends who host, increasing prices leads to more 5 star reviews and fewer incidents as you get more affluent guests.
- leetcrew 5y agoYMMV on that one, especially if you travel with others. I rented a nice apartment just outside the center of raleigh for about $115/night including fees. it had a full kitchen, living room with futon, and two bedrooms. I really doubt we could have booked comparable accommodations for three people at anything like that price in a hotel.