tbh I doubt the odd poor experience will kill it. A lot of their experiences are very good. I'm less convinced by their valuation being in excess of distributio

tbh I doubt the odd poor experience will kill it. A lot of their experiences are very good. I'm less convinced by their valuation being in excess of distribution players that have more markets, more tech and lot more lockin though. Ultimately AirBNBs moat is only a good brand, and their core market is people that will switch for the same standard of place at a lower price... (and whenever I've seen AirBNB properties on other platforms, it's been cheaper to book with the other platform)