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So, for the people who got into the airbnb business not realizing that they were actually trying to run a hotel - buying more property, trying to run a whole pi
by creer 3y ago
So, for the people who got into the airbnb business not realizing that they were actually trying to run a hotel - buying more property, trying to run a whole pile of them - trying to make it their full time job... I don't have much sympathy. They are trying to game the airbnb world and making things painful for everyone - and they need to compete with actual hotels which they probably can't in the long run. And they are doing that with long cycle assets. That's obviously tough. But I see that it's tempting for Airbnb to cater to them: they bring in lots of properties. Airbnb will keep them on.
it might be a way for Airbnb to diversify: treat these two a two different businesses. Airbnb-style hotels and rooms in a lived in apt and actually local's apts. Three separate offerings as opposed to a big pile of random stuff.
But there was NO big investment for the people who offered the original Airbnb fare: one available room, or one available apartment.