Current:Home > ContactThere’s too much guesswork in renting an Airbnb. The short-term rental giant is trying to fix that -MoneySpot
There’s too much guesswork in renting an Airbnb. The short-term rental giant is trying to fix that
View
Date:2025-04-27 16:22:23
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! (132)
Related
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Man sentenced to life without parole in ambush shooting of Baltimore police officer
- Zac Brown's Ex Kelly Yazdi Slams His Ill-Fated Quest to Silence Her Amid Divorce
- Three boys discovered teenage T. rex fossil in northern US: 'Incredible dinosaur discovery'
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Andy Cohen Addresses RHONJ Cast Reboot Rumors Amid Canceled Season 14 Reunion
- R&B superstar Chris Brown spends Saturday night at Peoria, Illinois bowling alley
- Ms. Rachel addresses backlash after wishing fans a 'Happy Pride'
- New data highlights 'achievement gap' for students in the US
- Man sentenced to 40 years to life for killing mother after argument over video game volume
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Will Biden’s new border measures be enough to change voters’ minds?
- Watch Live: Attorney general, FBI director face Congress amid rising political and international tensions
- Iowa will pay $3.5 million to family of student who drowned in rowing accident
- Former Syrian official arrested in California who oversaw prison charged with torture
- Atlanta water system still in repair on Day 5 of outages
- Man's body with barbell attached to leg found in waters off popular Greek beach
- Asylum-seekers looking for shelter set up encampment in Seattle suburb
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
Caitlin Clark's whiteness makes her more marketable. That's not racist. It's true.
The $64 million mystery: How a wave of anonymous donations is fueling the 2024 presidential campaign
Now that the fight with DeSantis appointees has ended, Disney set to invest $17B in Florida parks
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
Horoscopes Today, June 3, 2024
Maine company plans to launch small satellites starting in 2025
Men's College World Series championship odds: Tennessee remains the favorite