Whatever Happened To Airbnb?

Whatever Happened To Airbnb?
Airbnb, which revolutionized the short term rental industry, has been plagued with increased prices and fees as of late. The company's financials are looking better than ever post pandemic, however customers are generally unhappy due to the heightened prices and fees, as well as the increased duties that hosts are forcing. Airbnb had a rough time during the pandemic, losing $4.5 billion in 2020, however they have bounced back extremely well. The increased fees and prices of Airbnb have customers wondering if hotels are a better choice. Since Airbnb's goal was to disrupt the hotel industry, this can be seen as worrisome to Airbnb executives, as it seems the mindset of customers is changing. Airbnb stock has also recovered quite well since the pandemic, up roughly 70% as of April 2024 from its low in 2022. Leave a like if you enjoyed and don't forget to subscribe for more business and finance videos!
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[@samuraijack1371]

There is no disruption from Airbnb. Concept of Airbnb is no owning physical assets and being the middle man.
Big hotel chains are exactly the same. They do not own most of the hotels but instead license their names and standardize the services.hotel chains have been Airbnb before Airbnb existed. None of the hotel chains are worried about Airbnb.
A note about these “middle man” companies like Airbnb, Uber, DoorDash they are just middle man but they are taking a 30-40% from the market place. That’s just absurdly large. Someone has to pay the cost and it will be the customers. No wonder every such company just sucks. Imagine if the real estate agent took 30% cut from the home sales price. There won’t be any housing market left.
They are ripping people off and people know so and are just not happy and feel stuck with sub par service apps.

[@getonwithit.2847]

Air bnb outside of the US in South East Asian countries like Thailand and Vietnam is actually well worth it as opposed to booking a Hotel.

[@jonathanmandl4001]

Great video!

[@JStoryOfficial]

Thank you!

[@grilsegrils9330]

Our first Airbnb as guests was a disaster, so we never tried it again. There was something wrong in the bathroom that was unacceptable and impossible for the host to do anything about. We had to stay at a hotel instead for our stay. Airbnb customer support didn't live up to our expectations, when we finally had to pull the plugs on this contract. We ended up loosing much of our money

[@Leothegoat13]

Sub number 37.
You’re gonna blow up, man. Great vid!

[@magsteel9891]

#38!

[@JStoryOfficial]

Appreciate that a lot bro! I hope so haha

[@JStoryOfficial]

🤝🤝

[@marketrooper6473]

What happened is right!…may as well just pay for a hotel for what you get

[@metetong2065]

There are also other consequences of rnbnb in renting in general...it made renting prices explode for locals as landlords dicovered they could make more money turning their flats into rbnb instead of renting it to a local, the shrinkage of available long term rent caused invreases in renting fees for no added benefit for locals

[@KlassiusK]

This is an excellent video mate, your channel will get traction in no time. keep up the good work.

[@JStoryOfficial]

Thank you man!

[@luigivincenz3843]

In our area, you might as well stay in a hotel because it's almost the same rate. And unlike a hotel, I dont remember the rentee lecturing the renter (guest) about cleaning the bed sheets afterwards.

[@OLDMANTEA]

I remember when BnB’s came with chat with the owners and homemade breakfasts.

[@Idontwantahandle3]

We Airbnb one of the rooms in our house, so far all of the visitors have been people between houses that are struggling to find a new place to live. None have been people travelling and visiting. Our house is not on a lake or anything, so it may not attract vacationers, but It seems to me the only reason why Airbnb is doing well, is because there is a housing crises and people are being forced to Airbnb between houses. - Australia.