Online rental platform Airbnb has urged New York City officials to reconsider its Local Law 18 regulation that had a sweeping effect on short-term rentals in the city.
Under Local Law 18, which came into effect last year, hosts need to live in the property...
Airbnb's efforts to increase price transparency have helped the company ensure reasonable pricing while regaining the trust of wary customers, Jamie Lane, chief economist at short-term rental data and analytics firm AirDNA claimed.
Last December, the vacation rental company added a "display total price" button...
Airbnb Inc. shares fell on Tuesday after the vacation rental company delivered an unoptimistic revenue forecast for the second quarter. The company suggested that rising prices and a bearish economic outlook have deterred consumers from leisure travel.
Shares fell by 10% to $114.25. This is...
Airbnb’s reputation and stock took a hit on Thursday after short-seller The Bear Cave published an unfavorable report about the company. In the report, The Bear Cave alleges poor customer experience on the platform and increasing direct competition from its top hosts.
The report detailed...
