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Airbnb's struggles go beyond people spending less. It's losing some travelers to hotels.
Airbnb stock tumbled after the company predicted slowing demand. Some Airbnb fans say they now favor hotels' consistency and cost-effectiveness.
With some consumers' gripes over burdensome cleaning fees, lists of checkout chores, increasing prices, and a lack of quality control, the short-term-rental giant has some convincing to do to retain its loyal customers. AirDNA analyzed a group of five popular vacation spots in Florida, including Daytona Beach and Sarasota, and found demand for short-term rentals was weakest in the categories most likely to compete with single hotel rooms. "Airbnb listings can provide travelers with amenities that can drive additional value and comfort — bedrooms for everyone, a kitchen to prepare a meal, a space to work, a backyard to socialize and play with pets and much more, unlike most traditional accommodations," the company spokesperson said in a statement to BI.
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