{"id":4549,"date":"2024-11-10T14:45:26","date_gmt":"2024-11-10T14:45:26","guid":{"rendered":"https:\/\/alfanouscar.com\/blog\/?p=4549"},"modified":"2024-11-10T14:45:26","modified_gmt":"2024-11-10T14:45:26","slug":"rephrase-the-same-co-host-initiative-is-alternative-to-property-management-in-a-different-way-no-more-than-118-characters-as-if-you-were-a-native-american-speaker-as-expert-on-content-creation-a","status":"publish","type":"post","link":"https:\/\/alfanouscar.com\/blog\/rephrase-the-same-co-host-initiative-is-alternative-to-property-management-in-a-different-way-no-more-than-118-characters-as-if-you-were-a-native-american-speaker-as-expert-on-content-creation-a\/","title":{"rendered":"Rephrase the same Co-Host Initiative Is ‘Alternative’ to Property Management in a different way no more than 118 characters, as if you were a native American speaker as expert on content creation and dont talk about yourself or your experience"},"content":{"rendered":"

<\/p>\n

\n

Skift Take<\/h2>\n

Turf wars between individual and professional hosts on Airbnb have been long-standing. Chesky isn’t making friends with professional hosts when touting Airbnb’s co-hosting network as a way to replace them. <\/p>\n

\n Dennis Schaal <\/p>\n<\/div>\n

\n

Airbnb CEO Brian Chesky told analysts during the third-quarter earnings call Thursday that 20,000 people have expressed interest in becoming co-hosts since Airbnb launched an enhanced network in mid-October.<\/p>\n

They would supplement 10,000 current co-hosts in 10 countries and help hosts who may not have the time to handle some tasks themselves, such as managing listings and cleaning services.<\/p>\n

\u201cThe best part of all was this would be an alternative<\/em> to some of the third-party property management companies,\u201d Chesky said.<\/p>\n

That won\u2019t do much to ease any concerns from property managers such as Vacasa, Sonder, Vtrips, Awaze, Evolve, and many others, all of which use Airbnb to varying extents to attract bookings. One property manager told Skift they took exception to Airbnb stating last month that co-hosts get higher guest ratings than professional property managers, a point that Chesky emphasized again on Thursday.<\/p>\n

\u201cThe average five-star rating for co-hosts on Airbnb is significantly higher than the average rating of a third-party property manager,\u201d he said.<\/p>\n

Airbnb is continuing to pursue a supply strategy of emphasizing listing quality over adding supply in a wreckless manner \u2014 it has removed 300,000 listings since last year. But Chesky said the co-hosting network could unlock \u201cmillions\u201d of new listings in coming years because it will make it easier for people to earn extra money by renting out their homes on Airbnb.<\/p>\n

Airbnb said it has more than 8 million active listings, a 10% increase compared with the third quarter of 2023. Chief Financial Officer Ellie Mertz said listing growth was down \u201cseveral points\u201d from a year earlier because of the removal of 300,000 listings. <\/p>\n

Airbnb Doesn\u2019t Do Alternative Accommodations<\/h3>\n

The word \u201calternative\u201d came up again during the call when an analyst asked whether Airbnb\u2019s \u201calternative accommodations growth\u201d will outpace that of competitors.<\/p>\n

Chesky said he wanted to jump in before Mertz answered the question. \u201cI don\u2019t think we do alternative accommodations<\/em>,\u201d Chesky said. \u201cI think alternative accommodations <\/em>is what our competitor OTAs do. I think alternative accommodations is a bit of a catch-all that includes property-managed homes, serviced apartment hotels. But I\u2019ve never heard a customer say alternative accommodations. I hear them say Airbnb. I\u2019m going to book an Airbnb. I\u2019ll make an Airbnb. And I think we\u2019re really in a category of our own. So just so you know, I just think we don\u2019t refer to it, and we don\u2019t think of it as alternative accommodations.\u201d<\/p>\n

Both Booking Holdings and Expedia Group \u2014 which make most of their money from hotels \u2014 refer to their short-term rental businesses as \u201calternative accommodations.\u201d<\/p>\n

The Numbers<\/h3>\n

In the third quarter, Airbnb saw net income fall 68% year-over-year to $1.4 billion, but the fall-off was largely due to a $2.8 billion tax benefit that the company received a year earlier. Revenue rose 10% to $3.7 billion.<\/p>\n

Room nights and experiences booked rose 8% in the third quarter. Rival Booking Holdings\u2019 alternative accommodations nights booked rose 14% in the third quarter, though from a smaller base. It has outpaced Airbnb\u2019s growth rate in 13 of the past 14 quarters, according to Booking.<\/p>\n

The comparisons is not apples-to-apples: For example, Booking may include some hotel-like properties, including apartment hotels, in its alternative accommodations numbers.<\/p>\n

Other Highlights<\/h3>\n

What else we learned from Airbnb\u2019s earnings announcement:<\/p>\n

    \n
  • The company said room nights and experiences booked on average in Airbnb\u2019s expansion markets \u2014 including Mexico, Brazil, Germany, Italy, Spain, South Korea, India, Japan and China outbound \u2014 are producing double the growth rate of its five core markets. These five core markets, namely the U.S., Canada, the UK, France and Australia, account for 85% of Airbnb\u2019s gross booking value.<\/li>\n<\/ul>\n
      \n
    • Chesky reiterated that Airbnb will launch a business that\u2019s adjacent to accommodations in May 2025. The company\u2019s experiences business would launch around then, as well.<\/li>\n<\/ul>\n
        \n
      • \u201cIt\u2019s going to basically be starting with the nearest adjacencies around travel, and over the next decade, we\u2019re going to go far beyond travel,\u201d Chesky said. He contended each business would be worth $1-$2 billion. <\/li>\n<\/ul>\n
          \n
        • The percentage of Airbnb\u2019s nights and experiences booked through its mobile app increased 5 percentage points year over year to 58% in the third quarter. <\/li>\n<\/ul>\n
            \n
          • The company said it is also seeing growth in first-time bookers, \u201cparticularly with our youngest travelers. <\/li>\n<\/ul><\/div>\n

            Rephrase in a different way as if you were a native American speaker as a content creation expert and do not talk about yourself or your experience in the text and do not show yourself as an artificial intelligence who wrote and fill the bullet point in the topic and speak the heart of the topic itself and dont take date of blog in ther first and dont take text like box of newsliter subscribe on post from content and romove all linke insert in content and and remove all affiliate disclosure phrases on content like this “This post may contain Amazon or other affiliate links that allow us to earn a small commission at no extra cost to you. Please see our Disclosure Policy for more info” and “#” put in its place bullet point, and romove name of the web site or his links we are take a content from our new creation, and don’t publish clone new content more than just one time<\/p>\n","protected":false},"excerpt":{"rendered":"

            Skift Take Turf wars between individual and professional hosts on Airbnb have been long-standing. Chesky isn’t making friends with professional hosts when touting Airbnb’s co-hosting network as a way to replace them. Dennis Schaal Airbnb CEO Brian Chesky told analysts during the third-quarter earnings call Thursday that 20,000 people have expressed interest in becoming co-hosts […]<\/p>\n","protected":false},"author":2,"featured_media":4550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[520],"tags":[605,3401,940,3092,3362,3096,3097,1182,607,592,234,3095,2300,802,3093,608,3402,3088,671,3094,3098],"class_list":["post-4549","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hotel","tag-airbnb","tag-alternative","tag-american","tag-characters","tag-cohost","tag-content","tag-creation","tag-dont","tag-dwell","tag-earnings","tag-experience","tag-expert","tag-initiative","tag-management","tag-native","tag-online-travel-newsletter","tag-property","tag-rephrase","tag-short-term-rentals","tag-speaker","tag-talk"],"_links":{"self":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/4549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/comments?post=4549"}],"version-history":[{"count":1,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/4549\/revisions"}],"predecessor-version":[{"id":4551,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/4549\/revisions\/4551"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media\/4550"}],"wp:attachment":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media?parent=4549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/categories?post=4549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/tags?post=4549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}