The Airbnb CEO discusses efforts to make listings more affordable.
An unadoring public has beleaguered Airbnb in late months . The more and more popular thought attached to the once ceaselessly pop holiday rental and home - communion platform is : Why not just bide at a hotel ? The cleansing fees , sempiternal rules , hidden tv camera , and the way it has sour into agentrification tops machinemake hotel feel like the easier , safer , and cheaper selection more often than not . Some of The lacklustre experiences in an Airbnb have become so universally understood that there was even a MarchSaturday Night Livesketchmocking the vacation lease .
It has all been brutal for a troupe once considered the darling of the startup world and appreciate by world travelers , too . Airbnb , to the ship’s company ’s credit , has n’t totally buried its grit regarding general public scorn or specific customer complaints . Instead , over the last year , the fellowship has made changeless insurance updates and platform change in the hope of keeping its client base happy .
This has come in the form of more vaporous pricing , limit on the number of principle and type of cleaning fee hosts can appoint , and improvements to the host experience . Even more policies were put in place regarding where hosts wereallowed to put in camerason rental properties . That has been paired with a glitzy magic spell offensive with the young Icons offering , bringing iconic film and TV options to life and turning them into low-priced vacation rentals .
Courtesy of Airbnb
But none of this has made a gouge in one of the biggest complaints about the rental platform — it ’s really damn expensive . One of its lineal competitors , Vrbo , has been gaining steam for offer an inventorying of more competitively price rentals , and hotel reservation platform have n’t hesitate in do digs at the entire holiday rental accommodation model .
Now , the pricing seems to be the next significant modification the Airbnb CEO is gunning for . In an earnings call , CEO Brian Chesky come up to the price hikes . " A year and a one-half ago , we find that , you bonk , there was a lot of concern about Airbnb prices increasing , " Chesky said , according toBusiness Insider .
During the call , Chesky adumbrate some of the already implemented changes , such as the guidelines on cleanup fees , transparent pricing , and a tool for hosts that help them see listing price for holiday renting in their area on other chopine to aid host set more free-enterprise Leontyne Price . Chesky said that since the cleansing fee have been added to the entire monetary value , 300,000 hosts across the platform have depress or removed their cleaning fees . There has also been a push to further hosts to offer discounts for hebdomad and calendar month - foresightful bookings , which two - thirds of boniface on the platform now reportedly propose .
Many of these changes began to be implemented in 2023 , and according to Skift , Chesky says this hasreduced the average priceof Airbnb listings in 2024 by 2 % compare to 2023 . " The net of all of it is that hotel cost are up class - over - class , and Airbnb listings on a like - for - alike basis are down , " Chesky said on the call .
It is unclear if the initiatives already in place will be the goal of Airbnb ’s exertion to tackle affordability or if the public scrutiny over rental price will fight for additional measure to lower price on the platform . Whatever the case for the client , the company certainly is n’t hurting ; Airbnb account quarter one revenue to be $ 2.1 billion , an 18 % increment .
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