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.
www.businessinsider.com 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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The main Airbnb value proposition was trading some of the conveniences you get at a hotel for a significantly cheaper room.
When they are roughly the same price as staying in a hotel, why would you choose it?
The only time I’ve ever used an Airbnb was when I wanted a location that did not have a good hotel option. Which has been cabins in the woods, and beach front property. Outside of that, I would rather have the convenience of a hotel.
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