I have been reading Airbnb data in Miami :
1. Over 40% of the bookings in Miami are coming from "hosts" with multiple units. They are not coming from the core of Airbnb brand which is the person that has the extra bedroom (s) or cottage.
2. These listings are from real state investors with large quantities of units in their hands they have been unable to sell in the areas of Brickell, Edgewater and downtoen.
3. These investors have discovered that they can hold on and wait patiently for the usual market upswing by Ikea their units and placing them at discounted -deeply- in the vacation rental plataforms.
4. This has created an incredibleprice war . Kust checl suggested price tips by Airbnb and your jaw just drops!
5. This situation is uncontrollable and was to be expected due in part to the aggressive purduit of properties by Airbnb and the simple fact that they have to show growth that justifies that the company is valied at 30 billion .
6. The problem is that the brand is getting diluted, the sleeping giant of the hotel industry was ok when the hosts were just people making ends meet or loving having the world coming to them but oh so not happy when its actually corporations holding those properties and creating the price war that impacts them deeply. Airbnb has the same evaluation as the Marriot chain!
7. I don't see an easy solution to this conudrum and I am saddened by the loss of that wonderful original and revolutionary idea. I have loved being a host and a member of the Airbnb community. I think Airbnb is starting to understand that fighting the cities is not a great idea and that the concentration of the business in a few powerful hands is not either . Lets wait and see and meanwhile lets hold on !