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Airbnb's struggles go beyond people spending less. It's losing some travelers to hotels.
(www.businessinsider.com)
this post was submitted on 24 Aug 2024
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Yeah, it was great to stay in a million dollar house on the top of a mountain next to a state park for a weekend, but I choose a hotel when I'm just going to a city for something.
I want to slightly hijack your comment to say how innovative lots of these services were when they showed up and how they all ultimately managed to become a corporate machine crapping on both customers and intermediaries.
I mean that, when they arrived, Uber, AirBnB, Glovo/Deliveroo/Just Eat/DoorDash all brought something new and potentially useful and parallel to existing structures (involving regular people on the ground which, theoretically, can make an extra buck), but then... They all went down the toilet (I suppose since they were all losing money at the beginning to establish themselves, they had to find some way to make money, but they all irreparably chose enshittifcation)