• 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.
  • Neuromancer@lemm.ee
    link
    fedilink
    arrow-up
    13
    arrow-down
    5
    ·
    3 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.

    • Avid Amoeba@lemmy.ca
      link
      fedilink
      arrow-up
      9
      arrow-down
      2
      ·
      edit-2
      3 months ago

      Not sure when do you refer as recently but where I am this has been a common practice since at least 2015.

      Don’t get me wrong, if you wanted to make a spare rooms rental system, nonprofit or otherwise, you could. But if you wanted to do that you would put restrictions and hoops to jump in order to limit rental to spare rooms only and maybe you wouldn’t charge 17% in fees.