Current:Home > FinanceThere’s too much guesswork in renting an Airbnb. The short-term rental giant is trying to fix that -ForexStream
There’s too much guesswork in renting an Airbnb. The short-term rental giant is trying to fix that
View
Date:2025-04-12 22:45:43
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! (5)
Related
- Meta donates $1 million to Trump’s inauguration fund
- Hippos descended from pets of Pablo Escobar keep multiplying. Colombia has started to sterilize them.
- US and Philippines sign a nuclear cooperation pact allowing US investment and technologies
- Chicago commuter train crashes into rail equipment, injures at least 19, 3 seriously, official says
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Wait, there's going to be a 'Frozen 4' now? Disney CEO reveals second new sequel underway
- New details emerge from autopsy of man ‘ran over’ by police SUV, buried in pauper's grave
- TGL dome slated for new Tiger Woods golf league loses power, collapses
- Arkansas State Police probe death of woman found after officer
- China’s Xi is courting Indo-Pacific leaders in a flurry of talks at a summit in San Francisco
Ranking
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- US imposes new sanctions over Russian oil price cap violations, Kremlin influence in the Balkans
- Soldier, her spouse and their 2 children found dead at Fort Stewart in Georgia
- This special 150th anniversary bottle of Old Forester bourbon will set you back $2,500
- Federal hiring is about to get the Trump treatment
- Texas A&M football needs to realize there are some things money can't buy
- Iranian foreign minister denies Iran's involvement in Red Sea drone attack
- Rory McIlroy has shot land hilariously on woman's lap at World Tour Championship
Recommendation
Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
Backpage founder Michael Lacey convicted of 1 money laundering count
Teacher, assistant principal charged in paddling of elementary school student
College Football Playoff concert series to feature Jack Harlow, Latto and Jon Pardi
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
New data: Over 100 elementary-aged children arrested in U.S. schools
Texas A&M football needs to realize there are some things money can't buy
Buying a Rivian R1T electric pickup truck was a miserable experience.