• 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.
  • fishpen0@lemmy.world
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    3 months ago

    Yeah it turns out that Airbnb hosts behave much more like hivemind landlords than business owners. They all wind eachother up to behave the same in their forums and chatrooms. The advice on how to operate comes from other greedy reactive people and not from like consultants and data mining and people with degrees in their own field like it does with hotels and large businesses.

    Airbnb hosts are “school of hard knocks” TikTok and Instagram advice listening get rich quick schemers who put minimal investment into quality.

    Both groups are enshittfying their industries. But the downward slope is much steeper in airbnbs than it is in hotels.