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What is the basis/factors for their flailing? How regional and product specific is it (single travel vs group travel, 3 star vs 5 star product, etc)?
Simply that reports show rental rates and occupancy are at 50% as consumers pull back?
https://www.newsweek.com/airbnb-revenue-collapse-housing-market-crash-f…
Supposedly the data used for those stats were cherry picked using a questionable data source. Have heard that the guy who originally posted the 40%+ drop in RevPAL is a doom & gloom type. I don't have Twitter so wasn't aware of this guy til this "story" started making the rounds in the media/Reddit.
Jamie Lane (an economist who focuses on STR market) posted the below showing it's way less substantial of a decline using AirDNA data (reputable data source for STR pricing/occupancy). Maybe there's a conflict of interest here as Lane works for AirDNA?
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