Software Engineer

Airbnb stock dropped 14% after predicting slowing demand, with travelers preferring hotels for consistency.  Duane Brown, a former Airbnb enthusiast, now chooses hotels due to disappointing experi...

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- Airbnb stock dropped 14% after predicting slowing demand, with travelers preferring hotels for consistency.
- Duane Brown, a former Airbnb enthusiast, now chooses hotels due to disappointing experiences with short-term rentals.
- Airbnb's projected Q3 earnings fell below expectations, signaling waning customer demand and shorter booking lead times.
- The cost gap between hotels and Airbnbs has narrowed, making hotels more appealing for budget-conscious travelers.
- CEO Brian Chesky hinted at expanding hotel room offerings and adding hotel-like extras to Airbnb stays. 

 Source: [Business Insider](https://www.businessinsider.in/thelife/news/airbnbs-struggles-go-beyond-people-spending-less-theyre-losing-some-travelers-to-hotels-/articleshow/112495578.cms)

Airbnb Faces Challenges as Travelers Opt for Hotels

Journalist

Airbnb Faces Challenges as Travelers Opt for Hotels- Grapevine

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What happened to Airbnb… Just doesn’t work

Analyst

Welcome to Product Managers's Private Community

Do y’all agree with this take?

Software Developer

airbnb laying off ?

Product Manager

- Airbnb CEO Brian Chesky announced plans to expand into new products and services, including co-hosting and relaunching 'experiences'.
- The company aims to grow its revenue by offering more than just short-term vacation rentals.
- Co-hosting will connect homeowners who lack time to manage listings with those who have time but no property to offer.
- 'Experiences' will be relaunched next year, focusing on affordability and uniqueness, including ideas like personal chefs and massages.
- The expansion comes amid a weak Q2 for Airbnb, with profits falling 15% and stock dropping over 16% in after-market trading. 

 Source: [Techcrunch](https://techcrunch.com/2024/08/06/airbnb-details-plans-to-expand-beyond-short-term-rentals-including-co-hosting-and-relaunching-experiences/)

Airbnb Plans Expansion Beyond Short-Term Rentals

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Heard from a friend that about 40 to 50% workforce to be fired. Saw some post on Linkedin from product and tech folks working at oyo with open to work tag. 

Irony is Airbnb had the best quarter ever.

Massive layoff at oyo

Product Owner

Do you guys agree with the list? Anymore candidates

Dead 11

Oyo was the only Indian startup who had defined a  India specific problem, had a solution and had money to scale. What went wrong? What a pity. 
  
 In comparison Airbnb made it big...

Project Manager

Lately, I observed that Indian hotels are so expensive to afford. No decent chain operated hotels are less than 10k INR. It increases even more once you try booking around a long weekend. I understand demand-supply etc but paying 30-35K for a 2-3 day stay is just exorbitant.

Why are hotels getting so expensive?

As the question states, trying to collect some great thinking points.

I will start with one -

I want to change the hotel buying experience where the map show me areas on the line of HoodMaps (Hipster, Party Place, History, Crazy area, locals, etc) by Pieter Levels so that I instantly know which areas to focus on to plan my stay.

If you could change one thing about the way you buy travel, what would it be & why?

Thoughts on the inflated hotel price in India?

Important point to note is ease my trip is 2nd largest flights and Holiday booking app just after MMT and is fully home grown.

MMT has the Chinese investor as big  shareholder. IS THIS THE CONNECTION?
Link- https://x.com/ANI/status/1744263044031795483?s=20

Ease my trip closing Maldives bookings

He’s been involved in shady shit in the past is what I read on X. Personally I don’t really trust anyone who’s got a sudden “nation first” business idea for two reasons.  
  
 1) They see this as a PR move to win allies in the current regime or the social media warriors who are in huge numbers now.   
  
 2) As a founder / business you won’t really make a move which hampers it. It doesn’t make sense economically. I maybe see how this won’t be bad atm for the company considering majority of his user base are Indians and they will boycott Maldives as per them and this won’t affect his business hence.

Assistant Manager

Associate Product Manager

Third Wave has only 1 year of runway left, with 70% of it's outlets being loss making 🤯

When you compete to serve the top 1% of India, obviously it will end up in losses

Category Manager

Corporate Strategist

from Malaysian sovereign wealth fund Khazanah. Does this indicate further delays to IPO?

Source: https://www.bloomberg.com/news/articles/2024-01-25/khazanah-in-talks-to-lead-oyo-hotel-s-400-million-fund-raise

OYO raising $400 mil

Content Strategist

High on hygiene and safety, low on budget 
Please suggest

Hotel Recommendations near Airport

Consultant

Does anyone feel like domestic flight rates increased 1.6x -2x for 2024?

what's the reason for this surge even when there are no long weekends?

Any tricks to get back to old prices atleast at 1.3x?

Domestic Flight Rates 2024

Growth Manager

Hi fam, wanted to know your thoughts on becoming Airbnb hosts in Bengaluru. I currently reside in bengaluru. Honestly, i had great airbnb experiences wherever I stayed and since I have a knack for DIY my interiors so why not become an airbnb host. 

Give me thoughts as where should I start ? How to find good deals and property, should I take help of a broker? Is there any profit margin involve at initial level? What are extra costs involved like caretaker and maintenance? Are landlords in bangalore comfortable in leasing/renting out their property as airbnb? 

I’m thinking to apply the lease/rental model instead of buying the property. If someone is doing the same wanted to know their journey. My aim is to start with one property and eventually expand it.

Airbnb as a Passive Income

Lead Designer

Welcome to Business Roles's Private Community

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

How Airbnb accidentally screwed the US housing market and made $100 billion 

tinder for flat and flatmates, owner put out houses, if you both like each other's profiles then you meet and finalize the house.

[Idea-10] Who would like to build this ?

If I was a flat owner, I wouldn’t care what other person looks like OR has an aura OR blah blah blah until he signs the deed and gets me rent on every 1st. 
  
 I don’t have to like my tenant 🧟‍♂️

Airbnb Faces Challenges as Travelers Opt for Hotels

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