The Downfall of Airbnb is underway

The CEO of Airbnb just sent a massive warning into the US economy in 2024, signaling a big earnings miss and slowdown in US economy.

Fewer people are now booking Airbnbs because of the economic and financial recession that is playing out for many consumers. Moreover - lots of people bought houses and put them on Airbnb the last 3 years, greatly increasing the supply.

This could have a big negative impact of the US Housing Market, as Airbnb owners are forced to sell.
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[ReventureConsulting]

Amusing how many people didn't believe that the Airbnb crash was real last year.

Well now there's no doubting it. Expect their earnings to continue to worsen in coming quarters as their core business in the US deterioriates.

Track inventory data on Reventure App to see where the biggest increase in for sale listings is happening: www.reventure.app

[Jellybane]

I stopped using AIRBNB because of the crazy fees and list of demands! Why am I paying a $300 cleaning fee and you got a binder full of cleaning criteria I have to do before leaving! I booked my last 2 vacations at the Hilton and loved it! Had a whole suite, with cleaning and free breakfast every morning! I will never go back to AIRBNB again!

[Artoconnell]

Airbnb are their own worst enemy. prices have crept up so much staying in a top of the line Hotel is less expensive and less hassle.

[jachmd]

Airbnb in the US is declining rapidly due to poor customer service and high prices. I'm not sure about the rest of the world.

[Awkwardlylit]

Living in a small mountain town, Air BnB has RUINED any chance of locals affording housing :(

[IrishFrench]

Back when Airbnb was really taking off a few years ago I helped many ABB owners furnish their real estate for potential guests. What I experienced was the mentality of GREED. I don’t feel bad at all for them.

[timothylarson]

My first thought when I hear Airbnb, is the hidden cameras and crazy cleaning charges

[tess]

I’m a flight attendant and so far, the international flights are full…. but more and more people dislike airbnbs. I’ve stayed in them maybe 50 times. A few were nice, but the majority were dirty or smelled like last nights dinner. This is gross, but I look for stray hairs in the bathroom, and I almost always find a few. The bed linens are kind of gross. The neighborhoods are often unsafe and the hosts sometimes odd. NEVER AGAIN. Now I stay at Marriotts and earn points :)

[Just_BU]

I’ve booked tons of hotel rooms and Airbnb’s (and VRBO’s) for my employees when they travel. Years ago, airbnb saved me money, but now hotels are cheaper, more practical and offer free breakfast for my employees, so back to hotels. When I add the hotel loyalty programs, it’s a no brainer.

[CategoricalImperative]

I am an Airbnb host.
I am 100% not surprised. I only have 3 rules. No parties, no excess noise, no smoking.
I check in on the guest once every other day at most (“hi, how is everything”)… but in general; I leave them alone.
I try to mimic everything that local hotels do as much as possible. They are successful for a reason.
That said; I am in a few hosting forums.
The things I read about, are very sad. Here are a few things that are common for some hosts to do:
1. Check in on the guests too much; try and be friends with them. (*Weird)
2. Have too many rules, weird rules, too strict. (Turn porch light out at night, only use sugar packets for coffee, no visitors at all, etc, etc, etc). (*overbearing)
3. Slow to fix things. Something breaks….. and they have to call a handyman, who may or may not come. A LOT of hosts don’t even know how to use a hammer or screwdriver. (*unskilled)
4. Checking out is unusual, or tedious (examples: Before you check out…. wash all linens and towels and fold them. Turn off all lights and the a/c. Hide door key under pot in the planter. Vacuum all rooms, sweep the back patio, etc, etc. (*cheap, controlling and/or lazy host).
I am a HOST, and I DON’T stay in short term rentals when I travel. Why?! I too have had many terrible experiences with hosts who make a bad name for the industry. This is my last year hosting, before I move on to other ventures.
I’d say about 5% of my guests are just sh*tty guests. However, I’d say about 10-15% of hosts, SHOULD NOT be hosts.

[MichelleNovalee]

⁠AirBnB used to be cheaper than a hotel. Just like Uber used to be cheaper than a taxi. It’s a scam.

[paulholzapfel]

We are not traveling less. We are just sick of paying, for example, $300/ night and PLUS $250 a night for “cleaning fees”, $$75/ night if you want the pool heated, PLUS taxes, multiple other restrictions and costs. Please. They destroyed themselves.

[robbiekissinger]

Stayed in an airbnb in the French quarter. Opened the door with the code the host gave me and there were random people in there who I walked in on. My airbnb was already booked!

[westbend]

I booked a Vrbo 3 months in advance for a place to stay during the weekend my son was getting married. The owner messaged me about a month before the reservation date stating he needed the house I reserved for his own use that weekend, and cancelled my reservation. Now I can’t find a comparable rental for a comparable price. Why should I have to pay a consequence when the owner bailed. Vrbo did nothing to help me. Never again.

[reiaysyineh]

Considering the economic situation I ask, ?? How can we save our families and friends from financial slavery. It's getting more scary how people are really suffering these days.I can't fold and watch people around me suffer.

[ThatFinchGuy]

So you crashed a car in a private property but it's the owners fault?? 😅😅😅😅😅

[Yette]

AirBnB declines are more likely related to competition. Prices with rent, taxes and cleaning fees are no longer comparable to hotel rates. Hotels offer a better deal financially.

[Nicole.Ferris]

We just stayed in California to go to SeaWorld and Universal Studios and stayed in Hilton hotels because we had a horrific experience with Airbnb on a previous vacation. There were 5 of us (3 adults, 2 kids) and we got a 1 bedroom suite with a kitchen for only $225 per night. We couldn't find that on Airbnb. Plus, no cleaning fees, free parking, they came in and made our beds, and we didn't have to do dishes or chores before leaving. We saved money, had a kitchen, separate bedroom space, and no stress! Plus we earned points so our next stay will be even cheaper! If we had more than 5 people I would just get another room or a larger suite. We didn't need a whole house for a week vacation.

[sandramorton]

I have stayed in many AIRBNB years ago, now the Hosts are after money only. We now stay in Hotels, we don't to take out the trash, put towels in the washing machine, load the dishwasher, take your shoes off, I could go on and on. Oh the fees, service fee, cleaning fee, saying hello fee

[UrVideo]

Back to hotels, back to taxis, back to cable tv. All the “disruptors” are finding out the reason why the old business models are the way they are.