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Airbnb's struggles go beyond people spending less. It's losing some travelers to hotels. (www.businessinsider.com)

submitted 2 years ago by MicroWave@lemmy.world to c/news@lemmy.world

128 comments fedilink hide all child comments

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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[–] otp@sh.itjust.works 57 points 2 years ago

AirBnB is a great idea that turned to shit because of greed.

Someone wants a platform to rent out...

Their cottage when they're not using it or lending it to family or friends
Their home while they're away on vacation
A room in their home to run as a Bed-N-Breakfast

Great. Marvelous, even.

But then people realized that they could make more money from a property by AirBnBing it out rather than renting it out. So people start kicking out tenants and buying up properties to turn housing into AirBnBs, and often in areas that were already experiencing cost-of-living issues for locals.

From there, I'm guessing that AirBnB started trying to take a bigger slice of the pie, and "Hosts" started passing on the costs to "Guests". At the same time, "Hosts" wanted more money with less work, so "Guests" started getting cleaning lists so the "Hosts" wouldn't have to pay cleaners -- just someone to come by and make sure everything was done, and call a cleaner if it wasn't (and charge the "Guest" for it).

Enshittification hit AirBnB hard...and in turn, living within driving distance of anywhere tourists would want to be also got enshittified.