Great post and several interesting points, in particular related to regulatory changes and competition. I stayed on the sidelines because I do not fully understand the premium compared to to competitors such as Booking. My experience vacations in big cities is that there is a substantial overlap between properties listed on Booking (which also lists apartments) and Airbnb, except Airbnb is often more expensive because of the service fee imposed by the platform. But perhaps my experience is not representative, would have been interesting to see the hard data.
Thank you for the insightful comment! I believe that the original idea of offering affordable accommodation doesn’t seem to be a core part of Airbnb anymore. The average price per night has become quite expensive, and the fees are significant as well. I once came across a report about a highly successful listing that left Airbnb and relied on its own website and social media to attract more visitors.
Great post and several interesting points, in particular related to regulatory changes and competition. I stayed on the sidelines because I do not fully understand the premium compared to to competitors such as Booking. My experience vacations in big cities is that there is a substantial overlap between properties listed on Booking (which also lists apartments) and Airbnb, except Airbnb is often more expensive because of the service fee imposed by the platform. But perhaps my experience is not representative, would have been interesting to see the hard data.
Thank you for the insightful comment! I believe that the original idea of offering affordable accommodation doesn’t seem to be a core part of Airbnb anymore. The average price per night has become quite expensive, and the fees are significant as well. I once came across a report about a highly successful listing that left Airbnb and relied on its own website and social media to attract more visitors.