“We gotta stop Airbnb”
“We gotta stop Airbnb”, investors and customers have lost faith in the Model and its services.
we gotta stop airbnb pic.twitter.com/RUVq3Gwv9i
— alexa (@mariokartdwi) May 17, 2021
This viral tweet makes up several of the most recent sentiments towards the hospitality and travel platform Airbnb which launched in 2008. The platform quickly gained momentum around the same time as uber for its more affordable solution to travel and means for extra income to homeowners.
However, 2020 saw the first doubts in a long time set in during the global pandemic as travel slowed. The company quickly dropped in value and reports surfaced highlighting Airbnb as one of the successful companies that are still not profitable.
According to CNBC, Investors have lost faith in Airbnb’s model, trader says with stock down nearly 40% from highs. With the shares falling more than 3% to close at $135.75 on Thursday, there’s limited hope for a rebound, TradingAnalysis.com founder Todd Gordon told CNBC.
“VRBO is really giving Airbnb a run for its money, mainly because Airbnb has a much larger inventory in the urban core and VRBO is much, much better positioned in the vacation rental propert[ies], which is where most people want to go,” he said.
Airbnb’s fees are also starting to deter consumers and lead them to alternative offerings, Schlossberg said.
AirBNB is a real scam when you think about it. Rates at one price and then cleaning fees higher than the per night rate. Then service fees??
— Chad (@chadcluff) May 15, 2021
Airbnb Experiences and Adventures platforms are not offering any better alternatives with adventures of about 2 – 3 days costing anywhere from $300 – $500.
Alternatives to Airbnb such as VRBO offer cheaper short-stay rentals at cheaper rates. Small-scale African brands like Artnoise offers cultural adventures at a fraction of the cost.
Artnoise Open Program offers 4 amazing African Arts and Cultural Destinations from 2022 – 2023 on a budget of $300 – $900 for 2 weeks.
It takes participants on curated adventures to Morocco, Togo, Capetown, and Toronto. Each destination is offered at a fraction of the cost on Airbnb with an overall more immersive experience.
Artnoise open program has curated a unique program for each of these 4 destinations that will give explorers access to a historic and Contemporary African Arts and cultural experience.
For additional questions and inquiries about the program, kindly email Christine- artnoiseng@gmail.com.
What do you think about our story, “We gotta stop Airbnb”? Would you try Airbnb alternatives? What do you think? Comment down below!
Original Story / Image Credit: pexel.com
Four people traveling together can stay in Capetown at a first-class apartment for $120 per night or less
That doesn’t sound expensive to me. However, Airbnb platform and rules have become difficult and extensive
and their fees excessive. That together with cities clamping down on short-term letting, doesn’t spell well for AirBnB’s future.