I don't get Airbnb's business. By now, it's a mature company.
But if you compare it's business with Booking, you'll see that Booking is much cheaper not only as a guest, but also as an investor, having wider revenues + net income as well.
It's long gone the times since Airbnb was cheaper than a hotel, I remember back in the days, it would be roughly 50% cheaper. Nowadays, it's about the same price as a hotel.
For some occasions, like when you want to rent a home for 4 or more, it might make sense, but I fail to see how it's going to stay competitive in the long run.
Maybe now they are targeting a different customer than me, that likes to travel on a budget. As a consumer, I like the booking has competition and hotel prices have come down since the Airbnb explosive growth.
Booking also sell flights (on priceline) and is a much wider business, not to forget, that lots of hosts sell on both platforms.
To me, Airbnb looks like a doomed business. Sure, right now it's margins are okay, they've got a good brand, but that's pretty much all they've got.
I don't get why don't they explore other markets, or the "air" part in the name.
But if you compare it's business with Booking, you'll see that Booking is much cheaper not only as a guest, but also as an investor, having wider revenues + net income as well.
It's long gone the times since Airbnb was cheaper than a hotel, I remember back in the days, it would be roughly 50% cheaper. Nowadays, it's about the same price as a hotel.
For some occasions, like when you want to rent a home for 4 or more, it might make sense, but I fail to see how it's going to stay competitive in the long run.
Maybe now they are targeting a different customer than me, that likes to travel on a budget. As a consumer, I like the booking has competition and hotel prices have come down since the Airbnb explosive growth.
Booking also sell flights (on priceline) and is a much wider business, not to forget, that lots of hosts sell on both platforms.
To me, Airbnb looks like a doomed business. Sure, right now it's margins are okay, they've got a good brand, but that's pretty much all they've got.
I don't get why don't they explore other markets, or the "air" part in the name.