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

submitted 2 months ago by [email protected] to c/[email protected]

130 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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[–] [email protected] 93 points 2 months ago* (last edited 2 months ago) (5 children)

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.

[–] [email protected] 5 points 2 months ago

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.

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