It's entirely possible Airbnb never comes back after this, and that a competing product will not be able to fill its shoes. The regulation free zone that Airbnb was able to grow in no longer exists and will never come back, at least in the more urban areas. I'm not sure how they come back from this.
They have 12k employees from what I've heard, there's significant fat to trim. Hopefully they can stay afloat.
My company was pitched to redesign our Oakland office by Airbnb's architects who used their airbnb HQ work for our pitch. They had truly spared no expense in the design, we came away actually horrified at how overpriced and needlessly overdesigned things were. We didn't go with that vendor and in fact their office design was so opulent it served as an example of what not to do - we swung our design the other side of the pendulum and simplified and streamlined our office!
I wasn’t sure if they just wanted to blow a bunch of money, or if the architects were taking them for a ride.
People will return to travel, and some may prefer apartment-style accommodations over a crowded hotel.
There is also a lot of investment in the ecosystem on the part of landlords; some will fail but others will want to return to the airbnb model. In some cases have no choice -- a ski or beach condo isn't going to easily find long-term tenants.
Hopefully the local authorities don't forget this and can use this as evidence against Airbnb-motivated leeches, after the crisis.
An 0.1% increase in conversion anywhere along your funnel is significant with billions of dollars pointed at the funnel.
Guess he thought they were bugs or turds.
Became zealots about cleaning after that.
Never had another issue
Hosts get insurance and some amount of verification of their guests out of AirBNB. Those are not trivial safety features!