Bernstein emphasizes a non-standard measure, customer growth rather than room night growth, to assess Airbnb versus rivals. That's because Airbnb has more multi-bedroom properties than it did pre-Covid. That's out-of-the-box thinking.
Airbnb's Host Clubs don't solely exist to enlist in local regulatory campaigns. But in the past, the company's public policy team has been heavily involved in their operations, and will be in the future.