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

Post by dehrmann » Fri, Mar 13, 2020, 6:01 AM UTC

3pt14159 wrote: post #39

I have a friend who got into hosting AirBnbs pretty early. Bought a 4 unit place in a rough part of Toronto that was still pretty close to downtown and lived in one of the units while he AirBnbed out the other three. Occasionally he'd go on a trip and AirBnb out his own unit. It was enough money for him to cover his mortgage and not have to work if he watched his spending. He's bleeding money now and it started about…

Post by seanmcdirmid » Fri, Mar 13, 2020, 6:03 AM UTC

yibg wrote: post #174

ohbleek wrote: post #136

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 hot…

Post by baby » Fri, Mar 13, 2020, 6:04 AM UTC

dehrmann wrote: post #179

baby wrote: 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.

Post by dehrmann » Fri, Mar 13, 2020, 6:09 AM UTC

baby wrote: post #185

dehrmann wrote: post #179

Earlier quoted context omitted.

> 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.

> and the blinds automatically open to a floor-to-ceiling view of the city for me it was the harbor with a bunch of boats! Indeed memorable.

Post by analyst74 » Fri, Mar 13, 2020, 6:23 AM UTC

corporateslave5 wrote: post #182

One thing I don’t see mentioned here is the out of control compensation Airbnb has had for engineers. As an engineer I love to see companies pay more, but Airbnb has been beating Facebook offers when they really don’t need to. Companies like this are not rocket science. I get that the website is just the top of the iceberg, but all those massive stock grants and base salaries are going to haunt them.