AirBnB's problems (again)

[Bruce Woodruff]

So once again a video about the problems confronting ABNB. See what you think. Especially check at 2:00 - 3:00. This explains why there are more 'bookable nights' than ever, But  the more important figure, 'booked nights' is waaay down. This explains why some people keep saying that ANBN's business is on the rise while some of us see the opposite in reality.

[Sarah Kensinger]

Myself, and others I know of WON"T book a house from Vacasa, we'll even find another house over one of theirs. The service is awful, and the homes are usually not that clean and not sufficiently supplied. Homeowners that do research won't use them to run their vacation homes either, so to compare the market with that company isn't exactly fair. 

The more people that leave Airbnb the better, it'll give room for those that are serious about STR and not a "hobby" with an extra house they happen to have or purchased. According to some data so far this year's bookings have been up 15%+, so I'm still not convinced that occupancy is down. It doesn't take long to scroll through listings on OTA's and realize the problem! Horrible dark dingy or out of focus photos, with worn out furniture from grandma's day that was picked up off the side of the road, Facebook, or thrift stores. Listings that have not been updated in months if not years, people running the STR that don't have a stitch of business sense and have no idea what market or niche they're after for the rental! Once you fix those major factors the whole STR world and profitable opens up. For those who are convinced their "dated" way of running a vacation home is the only way, and saying the younger trendier generation doesn't know what we're talking about, will be left in the dust yelling that Airbnb is over while we move along doing rather well!

P.S.S The general booking trend this year has been lots of last-minute bookings, many hosts have been seeing that for months now.