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Airbnb shares drop 12% as company flags weakening US demand

theguardian.com

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

#31

Post by Sabinus »

nvy wrote: post #19
bamboozled wrote: post #13

Earlier quoted context omitted.

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.

As a 'captain of industry' and generally wealthy man, Musk is much more constrained by regulation than he is protected by it. Unlike the common man.

So he's responding to his incentives, railing at the constraints on the ingenuity and productivity of people like himself. Likely underdeveloped empathy does not help.

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

#32

Post by addaon »

webaholic wrote: post #2

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.

You can use the Australian AirBNB site to see all-fees-included prices, sort by them, etc.

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

#33

Post by paxys »

webaholic wrote: post #2

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.

If you just need a room for the night, sure, of course you should book a hotel. Airbnb never made sense in that case to begin with. For a slightly higher price, however, Airbnb gets you a 1 bedroom apartment (or 2-4 rooms for an entire group) plus a living room, functioning kitchen, multiple bathrooms, and depending on the property a private patio, pool etc. No hotel can compete with that.

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

#35

Post by reaperducer »

nvy wrote: post #19
bamboozled wrote: post #13

Earlier quoted context omitted.

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.

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.

Don't forget that he is an unapologetic, very public drug user.

Every time he says or does something stupid, I just assume he's high. It helps explain a lot.

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

#36

Post by tangoman »

Tiktaalik wrote: post #27

British Columbia has effectively banned whole house Airbnb rentals Province wide, and it's no longer possible to buy a condo and rent it out 24/7 as if it was a hotel.* Have any other States enacted rules this severe? Are any about to? Various cities have enacted Airbnb regulations, but it's at the State/Provincial level where enforcement would start to have real teeth and Airbnb would genuinely start to be in troubl…

This law looks nice on paper, but in practice is another thing. I don't know how the enforcement it's done, but anecdotally a friend moved from Calgary to Vancouver for work and the company rented him an Airbnb apartment, the whole place for him, even the building have signs that the Strata forbids Airbnb.

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

#38

Post by refurb »

Sabinus wrote: post #34

I've found Airbnb to be good for 6-10 people in a large house. Over our 10 ~trips every host has been normal to good. I probably wouldn't use them for a single or couple stay, nor in extremely high demand tourist areas and holidays.

That’s the one use that I would see go to AirBnB for.

But for me it’s not longer even an option if hotels are available. The last few years have only turned up places that cost the same as a hotel or more.

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

#39

Post by FireBeyond »

paxys wrote: post #33
webaholic wrote: post #2

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.

If you just need a room for the night, sure, of course you should book a hotel. Airbnb never made sense in that case to begin with. For a slightly higher price, however, Airbnb gets you a 1 bedroom apartment (or 2-4 rooms for an entire group) plus a living room, functioning kitchen, multiple bathrooms, and depending on the property a private patio, pool etc. No hotel can compete with that.

> If you just need a room for the night, sure, of course you should book a hotel. Airbnb never made sense in that case to begin with.

That was literally the origin story and first iteration. "Crash on someone's couch or in their spare bedroom."

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

#40

Post by jairuhme »

I'll rehash some of the complaints others have mentioned. Unless its a larger group, it really doesn't make sense to use vs. a hotel. Even if price is constant, there's just a bit more friction with AirBnB. Sometimes its easy, but other times you're trying to find the code that you have to enter for the key. Then I have to find the rules for the property to make sure I cleaned it according to their standards (while paying a cleaning fee?). At a hotel, I go up to the front desk, they give me a key, and then I return it at the end.

One thing that is not ever mentioned is that there is no reward (that I am aware of) for being a frequent user of AirBnB's. If I go to Marriott/Hilton/Hyatt hotels regularly, I can earn benefits and travers up their tier list for benefits. Not sure I have seen anything like that with AirBnB.

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