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Airbnb Hosts Express Despair Over Policies and Pandemic That Shut Them Down

Airbnb Hosts Express Despair Over Policies and Pandemic That Shut Them Down

Rupert Neate Wealth, The Guardian

It's tough to find winners in Airbnb's coronavirus crisis. Many hosts are gravely wounded, and some early Airbnb employees start seeing the right to exercise their stock start expiring in November.

16 hours ago

Airbnb CEO Apologizes to Hosts With a $260 Million Relief Package

Airbnb CEO Apologizes to Hosts With a $260 Million Relief Package

Dennis Schaal, Skift

Airbnb initially made a pro-guest decision on refunds, but it now realizes its policy and its outreach to hosts was clumsy and unsatisfactory. Hosts still won't be pleased, but the optics and financials aren't as bad as before.

6 days ago

Pregnant Short-Term Rental CEO on Facing Work-Life Challenges During the Pandemic

Pregnant Short-Term Rental CEO on Facing Work-Life Challenges During the Pandemic

Rena Pacheco-Theard, Skift

Even in a time of uncertainty, new trends and opportunities are emerging, and startup founders are carrying on with the business of building companies, as well as families. Over the next 12 months, companies that can show strong unit economics, counter-cyclical resiliency and resourcefulness will rise to the top.

1 week ago

Airbnb Looks to Extend $1 Billion Debt Facility as Slowdown Hurts Business

Airbnb Looks to Extend $1 Billion Debt Facility as Slowdown Hurts Business

Jane Lanhee Lee, Reuters

Airbnb is in a tricky situation: It's facing an unprecedented downturn in travel the very year it was planning to list its shares.

2 weeks ago

Here’s What Airbnb Is Confidentially Telling Potential Investors About a New Survey

Here’s What Airbnb Is Confidentially Telling Potential Investors About a New Survey

Dennis Schaal, Skift

Airbnb will likely have no trouble raising money, assuming the valuation and terms are palatable to investors, but it's dubious that they will chip in a few hundred million dollars each based on the supposedly inherent advantages of Airbnb's product.

2 weeks ago

Airbnb Mulls Cash Infusion From New Investors, Explained

Airbnb Mulls Cash Infusion From New Investors, Explained

Dennis Schaal, Skift

Many of Airbnb's previous funding rounds were oversubscribed. But if Airbnb indeed taps new venture capital funding, it won't have trouble finding benefactors. Still, the company's valuation will be considerably lower than the prior $31 billion.

2 weeks ago

Short-Term Rental Firms Face Backlash Over Sharply Different Coronavirus Cancellation Policies

Short-Term Rental Firms Face Backlash Over Sharply Different Coronavirus Cancellation Policies

Dennis Schaal, Skift

It's a decisive moment for short-term rental companies. When it comes to coronavirus-addled short-term rental cancellation and refund policies, Airbnb sided with guests while Vrbo shrugged its shoulders to soothe property managers and owners. Who has the longer memory?

2 weeks ago

Tripadvisor Is Trying to Sell Its Vacation Rental Businesses

Tripadvisor Is Trying to Sell Its Vacation Rental Businesses

Dennis Schaal , Skift

Some might consider it ironic that there's been a lot of talk about the possibility of Expedia Group shedding assets, but Tripadvisor is the one actively trying to sell its vacation rental businesses. There has been speculation for some time that Tripadvisor would make such a move — and now it's actually happening.

3 weeks ago

Airbnb Loses $276 Million and 6 Other Takeaways From Its Fourth Quarter

Airbnb Loses $276 Million and 6 Other Takeaways From Its Fourth Quarter

Dennis Schaal, Skift

Airbnb's fourth quarter financials show it is 10 times larger than Tripadvisor. They also provide clarity that Booking Holdings has a long way to go to catch Airbnb in short-term rental businesses. Airbnb's growing marketing spend in 2019 likely means that Google will have a welcome new partner in coming years.

3 weeks ago

ITB Berlin’s Cancellation Had Only a Mild Impact on Short-Term Rental Owners

ITB Berlin’s Cancellation Had Only a Mild Impact on Short-Term Rental Owners

Sean O'Neill, Skift

An upside for cities like Berlin that tighten short-term rental supply through regulation is that they're less prone to price and occupancy shocks when something like the trade fair ITB Berlin cancels at the last minute.

1 month ago

Airbnb-Backed Rental Manager Lyric Restructures to Focus Just on Key Cities

Airbnb-Backed Rental Manager Lyric Restructures to Focus Just on Key Cities

Dennis Schaal, Skift

Restructuring in itself isn't necessarily the worst thing in the world for a company, although fired employees might not see it that way. This is at least the second recent and high-profile Airbnb investment. The other, with Oyo, doesn't appear to be proceeding according to plan, either.

1 month ago

Airbnb, Expedia and Others Agree to Landmark Data-Sharing Deal With European Union

Airbnb, Expedia and Others Agree to Landmark Data-Sharing Deal With European Union

Patrick Whyte, Skift

It's hard to know whether greater transparency will benefit or hinder these short-term rental platforms. Might lawmakers use the information as a stick to wield over the industry?

1 month ago