- 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)