3 ms·

This is because landlords can't break even like hotels. It is very expensive to maintain an apartment unlike a hotel room (which can be done at scale). Because

by csomar 3y ago

This is because landlords can't break even like hotels. It is very expensive to maintain an apartment unlike a hotel room (which can be done at scale). Because of this, AirBnb will always be an inferior experience. AirBnb was never better, it was cheaper (much cheaper) which is why people liked it. (also you shared/stayed at someone's place, so if you need some social aspect it was a good idea). Of course, in any market there are "entrepreneurs" who try to make a buck. They usually rent the place long-term and try to arbitrage through short rentals on AirBnb. The math mostly doesn't work unless your region becomes "hot" for the season and everyone wants to be there. Airbnb will continue to exist though (and maybe grow?). The market is massive.

spdif899 3y ago
Airbnbs/dedicated vacation rentals are still better when you want an actual house, for example to vacation somewhere with a private yard, or to have a full kitchen to cook meals, or separate bedrooms for kids. Airbnb is no longer consistently the best source of these, but there is definitely still big value outside what hotels can offer.
- csomar 3y ago
  The hotel industry have figured that out a long time ago. Bungalows, for example, can be found in many touristic areas. So you have the important niceties of the home and still have common amenities and daily cleaning.
creer 3y ago
These are not the only differentiators. Certainly airbnbs cannot be run or priced the same as hotel rooms (and by which measure?). In the end, few hotels offer a lived in space, or enough space, or a lived in location, etc, etc. There is space for airbnbs. And in many areas there are very few hotels anyway. From the other side, an airbnb "owner" does not need to price his assets the same way either. Normally, running the airbnb is not their only business or it's not their full time activity. And both a hotel and an airbnb can price very dynamically but not in the same way: a hotel has many rooms and high fixed costs while an airbnb manager has only one or few and often no fixed costs (if the room is not held primarily for renting out.)

by csomar 3y ago

spdif899 3y ago

Airbnbs/dedicated vacation rentals are still better when you want an actual house, for example to vacation somewhere with a private yard, or to have a full kitchen to cook meals, or separate bedrooms for kids. Airbnb is no longer consistently the best source of these, but there is definitely still big value outside what hotels can offer.

csomar 3y ago
The hotel industry have figured that out a long time ago. Bungalows, for example, can be found in many touristic areas. So you have the important niceties of the home and still have common amenities and daily cleaning.

creer 3y ago

These are not the only differentiators. Certainly airbnbs cannot be run or priced the same as hotel rooms (and by which measure?). In the end, few hotels offer a lived in space, or enough space, or a lived in location, etc, etc. There is space for airbnbs. And in many areas there are very few hotels anyway. From the other side, an airbnb "owner" does not need to price his assets the same way either. Normally, running the airbnb is not their only business or it's not their full time activity. And both a hotel and an airbnb can price very dynamically but not in the same way: a hotel has many rooms and high fixed costs while an airbnb manager has only one or few and often no fixed costs (if the room is not held primarily for renting out.)