Current:Home > StocksThere’s too much guesswork in renting an Airbnb. The short-term rental giant is trying to fix that -Capitatum
There’s too much guesswork in renting an Airbnb. The short-term rental giant is trying to fix that
View
Date:2025-04-13 05:42:54
Airbnb will highlight rental listings that have received top scores from guests, information that the company’s CEO says will help bring hotel-like reliability to booking a house or room on the site.
Airbnb said that it will roll out what it calls “Guest Favorites” this week. About 2 million of the site’s 7 million listings will get the label.
It is unclear how hosts who don’t get the favored badge will react — they could lose bookings, or they might have to cut prices to compete. CEO Brian Chesky said he expects favorites to charge more than other listings.
Chesky acknowledges that the variety of properties on Airbnb creates uncertainty among renters. He said the unpredictability of listings is the biggest reason why someone would choose a hotel room over Airbnb.
“A lot of guests have described booking Airbnb, once they check in, it’s a moment of truth. Is the house exactly what they expected?” he said in an interview. “We don’t want this to be a moment of truth. We want you to know exactly what you’re going to get before you book.”
Chesky said favorites will have guest ratings averaging at least 4.9 out of 5.0 and cancellation rates and customer-service incidents of 1% or lower. They will be denoted on the site with a badge, and shoppers can filter for them. The company, however, will make no guarantees about the guest favorite listings.
Airbnb is also encouraging hosts to create photo tours of their property, which Chesky said will use AI to organize photos by room.
The company is also making behind-the-scenes changes that will include helping hosts adjust prices based on demand, down to a daily basis.
Earlier this year, Airbnb began discouraging hosts from charging exorbitant cleaning fees, a major complaint of users. A 2022 analysis of 1,000 listings by personal-finance site NerdWallet pegged the median cleaning fee for a one-night stay at $75, about 25% of the total bill.
The site lets visitors filter searches by all-in pricing, which includes the fees, although it is not the default setting. Visitors must use a toggle switch on the home page.
About 260,000 listings have lowered the cleaning fee since then, according to the company.
“I had no idea what that number could be,” Chesky said. “I’m pretty satisfied with the pricing progress.”
veryGood! (4861)
Related
- Jury selection set for Monday for ex-politician accused of killing Las Vegas investigative reporter
- Pittsburgh-area bicyclist electrocuted after apparently encountering downed power lines
- EV startup Fisker files for bankruptcy, aims to sell assets
- Boeing CEO David Calhoun grilled by lawmakers as new whistleblower claims emerge
- JoJo Siwa reflects on Candace Cameron Bure feud: 'If I saw her, I would not say hi'
- 10 injured, including children, after house collapsed in Syracuse, New York, officials say
- Google to invest another $2.3 billion into Ohio data centers
- Republicans block bill to outlaw bump stocks for rifles after Supreme Court lifts Trump-era ban
- Buckingham Palace staff under investigation for 'bar brawl'
- NBA Draft is moving to two nights in 2024. Here's what to know about this year's edition.
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Thailand's senate passes landmark marriage equality bill
- Aaron Judge, Yankees avoid catastrophic injury after slugger hit in hand by pitch
- Probe finds carelessness caused Jewish student group’s omission from New Jersey high school yearbook
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- What College World Series games are on Wednesday? Tennessee one win away from title series
- Kevin Durant says there are 'better candidates' than Caitlin Clark for U.S. Olympic team
- I'm 49 and Just Had My First Facial. Here's What Happened
Recommendation
Tony Hawk drops in on Paris skateboarding and pushes for more styles of sport in LA 2028
California fines Amazon nearly $6M, alleging illegal work quotas at 2 warehouses
Police in Oklahoma arrest man accused of raping, killing Maryland jogger last August
Robert Plant, Alison Krauss are a bewitching pair onstage with Zeppelin and their own songs
Kourtney Kardashian Cradles 9-Month-Old Son Rocky in New Photo
41-year-old man dies near bottom of Grand Canyon after overnighting in the park
Texas megachurch pastor resigns after woman says he sexually abused her in the 1980s
Chicago firefighters battle massive blaze at building supply warehouse