Live data from Hacker News

Airbnb’s loss nearly doubles in fourth quarter, before virus

bloomberg.com

171–180 of 224 posts

Re: Airbnb’s loss nearly doubles in fourth quarter, before virus

#171

Earlier quoted context omitted.

Because residential buildings were built to be homes, not effort free income streams for rentiers.

I suppose you are against any sort of rental property then, right?

A short term rental isn't a rental property. It's effectively a hotel.

Re: Airbnb’s loss nearly doubles in fourth quarter, before virus

#172
post #168

I'm surprised to see the pessimism here. For a family of 5 AirBnB is far better than hotels. I'd much rather get a whole house than cram everyone into a single hotel room. And I can't remember the last time I had a bad experience. Maybe the "whole house, multi-bedroom" segment is different from the typical AirBnB experience?

For a consumer, AirBNB is at least a interesting alternative.

Consider the flipside. What would be a good home for a family of five, is now taken off the market.

Re: Airbnb’s loss nearly doubles in fourth quarter, before virus

#173
post #163

I'll preface this by saying that AirBnb lies about its prices/night, and that really suck. Having said that, I really really don't understand the other criticisms against AirBnb here. I travel a lot, for leisure and work, and I constantly stay at AirBnbs and have been for years. Here is how it compares with hotels for me: * I usually can't remember any hotel room I've stayed at (unless it's the marina bay sands), whe…

Not sure what you mean about lying about prices.. I've booked 28 stays on 5 continents since 2014 and never been lied to.

Do you mean having to click on "price breakdown" to see the service and cleaning fees?

Do you mean hosts asking for cash payments for things like linens and key deposits? (These have happened to me, but it is against ToS and Airbnb took my side)

My current travel plans are chaos due to cancellations. We have up to 10 flight segments over a month away that we are eating 100% of the cost on due to a cancelled cruise. We are dealing with 3 airlines with multiple hour waits and confusing policies with no success so far.

AirBnB, by comparison has been a total delight. In the app, I push the "cancel" button, and it's like "yea, that's months away, no problem here's 100% to your credit card today"

Re: Airbnb’s loss nearly doubles in fourth quarter, before virus

#174

AirBnB failed. I don't even check it out anymore when I travel because a hotel typically costs about the same due to the fees charged by the hosts. I would choose a hotel over AirBnB until the price difference is 15-20% lower in favor of AirBnB because there are too many unknowns with AirBnB and the novelty has worn off entirely. Plus since so many listings are owned by some company or person renting out multiple loc…

I use both hotels and Airbnbs a lot. Price difference I noticed really depends on the location and also changes over time. Also depends on how many people are traveling in the group and duration of stay.

For example we were down in LA last month and picked a hotel for the night because the prices were about the same. However in Bangkok late last year staying at an Airbnb apartment was significantly cheaper than a hotel (roughly 1/3 the cost for the duration).

Re: Airbnb’s loss nearly doubles in fourth quarter, before virus

#175

Earlier quoted context omitted.

He is also running a hotel with outsourced bookings and not following any of the required consumer safety laws a hotel has to follow.

But its mom and pop! Mom! Pop!

I see you.

Re: Airbnb’s loss nearly doubles in fourth quarter, before virus

#176
post #168

I'm surprised to see the pessimism here. For a family of 5 AirBnB is far better than hotels. I'd much rather get a whole house than cram everyone into a single hotel room. And I can't remember the last time I had a bad experience. Maybe the "whole house, multi-bedroom" segment is different from the typical AirBnB experience?

For a consumer, AirBNB is at least a interesting alternative. Consider the flipside. What would be a good home for a family of five, is now taken off the market.

It's a fair criticism when there's some restrictions on supply. In SF about 1.5% of housing is on AirBnB. Is that tiny? Lots? It's probably not enough to move prices either way.

Re: Airbnb’s loss nearly doubles in fourth quarter, before virus

#177
post #163

I'll preface this by saying that AirBnb lies about its prices/night, and that really suck. Having said that, I really really don't understand the other criticisms against AirBnb here. I travel a lot, for leisure and work, and I constantly stay at AirBnbs and have been for years. Here is how it compares with hotels for me: * I usually can't remember any hotel room I've stayed at (unless it's the marina bay sands), whe…

So yeah, I don't buy the AirBnB has failed thing, because I'm a heavy user.

AirBnB hasn't failed. It has plenty of users, and over $2bn in revenue. That's not enough though, because the costs of running the business are higher than $2bn and so we see articles about how it made a loss again.

It seems fairly clear to me that a large number of loss-making unicorn companies need to get their costs under control, and the obvious way to do that is to lose some staff, or pay them less. At the moment that's hard because there's enough competition between companies that people can choose where to work but eventually the need to cut costs will outweigh the need for "the best people", and salaries for new jobs will start to fall. The result for many developers will be that they have to either stay in their role for a long time or accept a pay cut to move company. It might be worth considering that possible outcome if you work in dev right now.

Re: Airbnb’s loss nearly doubles in fourth quarter, before virus

#178
post #173
post #163

I'll preface this by saying that AirBnb lies about its prices/night, and that really suck. Having said that, I really really don't understand the other criticisms against AirBnb here. I travel a lot, for leisure and work, and I constantly stay at AirBnbs and have been for years. Here is how it compares with hotels for me: * I usually can't remember any hotel room I've stayed at (unless it's the marina bay sands), whe…

Not sure what you mean about lying about prices.. I've booked 28 stays on 5 continents since 2014 and never been lied to. Do you mean having to click on "price breakdown" to see the service and cleaning fees? Do you mean hosts asking for cash payments for things like linens and key deposits? (These have happened to me, but it is against ToS and Airbnb took my side) My current travel plans are chaos due to cancellatio…

> Not sure what you mean about lying about prices

challenge accepted: https://imgur.com/gallery/6UeavrH

* I've searched for 4 nights in SF some time in May

* the second result is 99$/night

* bill for 4 nights end up being 561$. 150$ magically appeared.

That's a 40% increase at checkout time lol.

Again I love AirBnB but this is scamy.

Re: Airbnb’s loss nearly doubles in fourth quarter, before virus

#179
post #163

I'll preface this by saying that AirBnb lies about its prices/night, and that really suck. Having said that, I really really don't understand the other criticisms against AirBnb here. I travel a lot, for leisure and work, and I constantly stay at AirBnbs and have been for years. Here is how it compares with hotels for me: * I usually can't remember any hotel room I've stayed at (unless it's the marina bay sands), whe…

> unless it's the marina bay sands

When you open the door to your 70th floor room and the blinds automatically open to a floor-to-ceiling view of the city...yup, memorable.

But I actually remember a lot of the hotels I've stayed at. It's the Sheratons and Marriotts that blur together. They're perfectly fine hotels, they're just all the same.

Re: Airbnb’s loss nearly doubles in fourth quarter, before virus

#180

Earlier quoted context omitted.

I suppose you are against any sort of rental property then, right?

A short term rental isn't a rental property. It's effectively a hotel.

From the perspective of "residential buildings were built to be homes", what is the effective difference?
Post reply on HN