ABNB - 'Airbnb Has Foundational Cracks' CEO Brian Chesky Gets Candid Proposes Fix | Benzinga
Airbnb Inc (NASDAQ: ABNB) is navigating through a tumultuous 2023, marked by host unrest, competitive pressures, and stringent regulations. The "Airbnbust" movement saw hosts expressing dissatisfaction publicly, while competitor Vrbo introduced a loyalty program, a feature Airbnb's user base has long desired.
In New York City, new regulations on short-term rentals have posed significant challenges, nearly pushing Airbnb out of a previously dominant market.
Also Read: Airbnb Vs. New York: What's Going On?
CEO Brian Chesky has responded with a series of site enhancements to balance the needs of hosts and guests.
These improvements address fundamental issues, with ...