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News@lemmy.worldEnglish · 4 months ago

Airbnb's struggles go beyond people spending less. It's losing some travelers to hotels.

www.businessinsider.com

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Airbnb's struggles go beyond people spending less. It's losing some travelers to hotels.

www.businessinsider.com

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News@lemmy.worldEnglish · 4 months ago

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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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Neuromancer@lemm.ee
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4 months ago
It was the model for a very long time. It was all about renting excess capacity. It was a brilliant move. It wasn’t till much more recently people turned it into a business by buying properties just to air bnb.

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