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Airbnb shares drop 12% as company flags weakening US demand

theguardian.com

11–20 of 59 posts

Re: Airbnb shares drop 12% as company flags weakening US demand

#13

With all the hidden fees and exorbitant cleaning fees, I think it is much cheaper to book a hotel than an airbnb nowadays. No wonder demand is going down.

It's like tech people have to relearn why we had age old things in the first place. We're starting to workout why hotels are a good idea now.

I saw Elon Musk questioning why we have medical regulations the other day, he was saying that it "slows down innovation" and so he thinks medical regulation should be abolished. He did the same for content moderation on his platform.

Well I don't agree that regulations stifle innovation, they might slow down the rollout of innovative products, but there is a very good reason why regulation was established in the first place. Could it be better? Yes.

Re: Airbnb shares drop 12% as company flags weakening US demand

#14

I used to use Airbnb all the time but a single experience dealing with their customer service and a bad host was enough for me to never use them again. The lows of using Airbnb are 100x lower than the lows of hotels, and the highs are higher but not nearly enough to justify the risk.

Yep 100%. It took one experience being stuck on the street in London with my bags to never use AirBnb again. The negatives are just not worth the risk.

Re: Airbnb shares drop 12% as company flags weakening US demand

#16

Frequent AirBnB user here. Never had a problem. Yes some hosts charge stupid fees. Don't rent their places. No they're not more expensive than hotels if you have 4 people and need 3 bathrooms. Perhaps for one person they are. Perhaps demand is dropping as the pent-up post-covid demand dissipates?

To note there's a spectrum of options between standard hotels and AirBnB.

When traveling with a whole family or two, weekly aparts were the best value we ever got. They were in more remote areas requiring a car, but professionaly cleaned, well adapted to the purpose with perfect transparency on the price and the contract.

Re: Airbnb shares drop 12% as company flags weakening US demand

#17

Morbid thought of the evening: If there is a meaningful broader downturn I wonder if they'll benefit from people losing stable housing and turning to ABNB for itinerant shelter.

If I were a betting man, I would bet more people would lose overleveraged mortgages on their Airbnb properties before Airbnb gets a jolt from people in unstable housing situations.

Re: Airbnb shares drop 12% as company flags weakening US demand

#18

Frequent AirBnB user here. Never had a problem. Yes some hosts charge stupid fees. Don't rent their places. No they're not more expensive than hotels if you have 4 people and need 3 bathrooms. Perhaps for one person they are. Perhaps demand is dropping as the pent-up post-covid demand dissipates?

I've mostly switched to VRBO for the group house situations. I find the prices are usually a wee bit better and the cancellation policies much, much better for the same houses. Although YMMV of course.

Re: Airbnb shares drop 12% as company flags weakening US demand

#19

With all the hidden fees and exorbitant cleaning fees, I think it is much cheaper to book a hotel than an airbnb nowadays. No wonder demand is going down.

It's like tech people have to relearn why we had age old things in the first place. We're starting to workout why hotels are a good idea now. I saw Elon Musk questioning why we have medical regulations the other day, he was saying that it "slows down innovation" and so he thinks medical regulation should be abolished. He did the same for content moderation on his platform. Well I don't agree that regulations stifle i…

>I saw Elon Musk questioning why we have medical regulations the other day, he was saying that it "slows down innovation" and so he thinks medical regulation should be abolished

Is he just posturing for his fans?

I see so many statements of this nature from him and I just can't believe that a person that successful can be so monumentally stupid.

Re: Airbnb shares drop 12% as company flags weakening US demand

#20

With all the hidden fees and exorbitant cleaning fees, I think it is much cheaper to book a hotel than an airbnb nowadays. No wonder demand is going down.

It's like tech people have to relearn why we had age old things in the first place. We're starting to workout why hotels are a good idea now. I saw Elon Musk questioning why we have medical regulations the other day, he was saying that it "slows down innovation" and so he thinks medical regulation should be abolished. He did the same for content moderation on his platform. Well I don't agree that regulations stifle i…

Safety regulations are frequently written in blood.
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