Going to Paris for 6 nights. Airbnb for studio in Le Marais... - on search overview: $119/night - at checkout: $149/night HotelTonight (owned by Airbnb)... - on search overview: $144/night - at checkout: $143.50/night
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AirBnB is an option of last resort
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They built this amazing competitive moat by creating supply that didn’t exist before. That allows to be as consumer-hostile as possible. There were at least 10 shootings, including deaths, in Airbnb’s the months before Orinda. How many people had to die before they cared?
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Was thinking about this last week when searching for accommodation. I guess pricing is an effective strategy to build adoption early on, but marketplaces are incentivized to find their relative pricing equilibrium to maximize $/night within a geography.
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