Airbnb's struggles go beyond people spending less. It's losing some travelers to hotels.
Airbnb's struggles go beyond people spending less. It's losing some travelers to hotels.
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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I had a bad experience on AirBnB. Had tickets to see a band downtown Asheville. Labor Day Weekend. Found an airbnb in walking distance at a reasonable rate. Booked in April. Day before the stay, got a notice the host cancelled. No explanation. By that point it was $400 a night before taxes and parking for a hotel room downtown. Wound up not going. Ruined my weekend. Never again.
And zero penalty for the host. They only need to claim property damage. I’ve been burned twice by this, and once drove up anyway and the host rented it out on a diff platform for 3x. I played stupid and the guy told me he rented it through vrbo, the day before. I showed him my reservation that now showed canceled as of the day before.
I have a feeling that’s what happened with mine too. It never occurred to me to have plans ruined like that. I’m hotel now all the way.
I'd have gotten that guys data and reported the host to AirBNB!
It was super-effective!
I had a similar experience with VRBO. My family booked way in advance to see the eclipse, and the host ended up cancelling it a couple weeks before the stay. No penalties for them. I suspect they realized they could charge way more than what we were paying.