They currently operate in 220 different countries across the globe and get around 78 million unique monthly visitors, making it a truly internationally recognized company. Airbnb has a giant footprint in the vacation rental industry market share.
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Airbnb and many other housing platform firms are profit-maximizing corporations and it comes as no surprise that they flex their oligopoly power over data toward this end.
On most lists of two-sided marketplaces, you'll get some standard examples: Uber, Lyft, Airbnb, Indeed, Etsy—all those big names. And it's important to keep those in mind: they've been hugely successful for a reason.
Because of the high surcharge on Airbnb rentals, many people have returned to staying in hotels. As many Twitter users pointed out, hotel amenities – such as a concierge, cleaning services, pools, and better security – might be worth more than an Airbnb stay.
As a conduit between hosts and travelers, Airbnb provides an established marketplace platform where both hosts and travelers can safely exchange goods and services. In a peer-to-peer model such as Airbnb, an in-depth review system adds value to prospective hosts and guests looking to accommodate their lodging needs.
Because it provides lodging at lower prices than its competitor Booking.com, Airbnb is in a strong position to weather any economic storm. Many people wish to travel, but they are looking for more affordable options like Airbnb.