@Lois & Darryl
I think Airbnb should stop taking new listing where an area is already saturated, I have practical experience of the problem surrounding this issue, while I got predominantly five-star reviews for one of my listings, the income from the apartment in high season did not even cover the low mortgage cost, never mind the fact for three months, it got no bookings at all.
When, I'm full Airbnb take a fee and when I'm follow Airbnb have no exposer to the costs of keeping an apartment empty, on the off chance that some person decides to book.
This I feel, exposes the flaw in the sharing economy proposition that the business's controlling the process are making serious money without any risk or repercussions and the Host must rely on luck for an income.
While I agree market forces can determine the success or failure of a business, if a business does not start from a financially sound bases it will never succeed. So, what I'm saying is, no one should enter a market where the product supply is already saturated and the price being charged have no bases in reality.
Regards
Cormac
The Explorer's Club Krakow III