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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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AirBnB is a great idea that turned to shit because of greed.
Someone wants a platform to rent out...
Great. Marvelous, even.
But then people realized that they could make more money from a property by AirBnBing it out rather than renting it out. So people start kicking out tenants and buying up properties to turn housing into AirBnBs, and often in areas that were already experiencing cost-of-living issues for locals.
From there, I'm guessing that AirBnB started trying to take a bigger slice of the pie, and "Hosts" started passing on the costs to "Guests". At the same time, "Hosts" wanted more money with less work, so "Guests" started getting cleaning lists so the "Hosts" wouldn't have to pay cleaners -- just someone to come by and make sure everything was done, and call a cleaner if it wasn't (and charge the "Guest" for it).
Enshittification hit AirBnB hard...and in turn, living within driving distance of anywhere tourists would want to be also got enshittified.