Airbnb's struggles go beyond people spending less. It's losing some travelers to hotels.
Airbnb's struggles go beyond people spending less. It's losing some travelers to hotels.
Airbnb stock tumbled after the company predicted slowing demand. Some Airbnb fans say they now favor hotels' consistency and cost-effectiveness.
- Airbnb stock tumbled 14% in one day after the company predicted slowing demand.
- Some former Airbnb diehards say they now prefer the consistency of hotels.
- Airbnb said it might increase travelers' ability to book hotel rooms through Airbnb.
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It's as if people don't want to pay to be personal maids of hosts.
A decade ago I loved Airbnb. Fly to a major city, get to stay in someone’s condor or home for half the price of a hotel. Left your bowl out on the counter? No problem. Didn’t take out the trash? Why would you, the host does that. Didn’t make your bed and rearrange the pillows on the couch back to how they were before you arrived? That’s cool. Now you are looking at staying in a suburb of Austin for 2x the price of a hotel plus, you need to spend hours when you are trying to leave, cleaning up and you are going to be charged $300 anyway for a “cleaning fee” even though none of the linens smelled fresh when you arrived. The only reason I’ve used Airbnb in the past couple of years is because A) there was literally no other option for where we were vacationing or B) Our dog is traveling with us and we couldn’t find a hotel that will accommodate her.