Airbnb's success story stands out in stark contrast to the struggles of other startups. Unlike Zillow's disastrous attempt at house-flipping, Airbnb has flourished for over a decade. Their revenue skyrocketed, tripling from $3.3 billion to nearly $10 billion. Even more impressive, they flipped profitability, going from annual losses of $4-5 billion to earning the same staggering amount. Perhaps the strongest indicator of their dominance is their resilient stock price. Unlike the post-IPO crashes
I’ve heard a lot of people having this problem. Airbnb is next to useless, even with their guarantee.
Prices goes up, other hotels are booked solid, there are fewer options and travelers are left in the cold.
A big brand would be less likely to risk their reputation over $50 or $100/night difference if there’s some new big event in the area