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Or benefits more from prices being very low.
by dotcoma 3y ago
Or benefits more from prices being very low.
- toomuchtodo 3y agoIndeed, Airbnb wants to maximize for booking volume and platform fees over hosts maximizing for revenue. Airbnb rode the covid travel/remote wave (even Chesky was astonished at their valuation at IPO [1], ~$100B), and with the global economy slowing and travelers starting to prefer hotels, they’re going to struggle to hold onto the revenue levels they might’ve (perhaps a bit unrealistically) become accustomed to. Is it a $100B business at 5% interest rates and slower travel going forward? ¯\_(ツ)_/¯ [1] https://archive.ph/2020.12.13-031305/https://www.nytimes.com/2020/12/11/business/dealbook/airbnb-ipo-chesky.html https://archive.ph/2020.12.13-031305/https://www.nytimes.com...
- ehnto 3y agoAirBnB is too much hassle and risk. Sometimes it's seamless, sometimes it feels like you're being hosted by a landlord who's expecting to make their problems your problems and charge you for the privilege.