Airbnb Is Now Offering a Lower-Cost Alternative to House Rentals

Airbnb Is Now Offering , a Lower-Cost Alternative , to House Rentals.

Associated Press reports that Airbnb is pushing to rent out single rooms after realizing that renting an entire house may be economically out of reach for many travelers.

On May 3, the rental company rolled out its new Airbnb Rooms program.

The new offering allows guests to rent a room in the same house or apartment as their host with an average price of $67 a night.

The new offering allows guests to rent a room in the same house or apartment as their host with an average price of $67 a night.

It is an admission that travelers care more about affordability than they did a year ago.

, Brian Chesky, Airbnb CEO, via Associated Press.

Airbnb Rooms also offers more information about hosts and other crucial details like if the bedroom door comes with a lock or if the bathroom is private or shared.

Airbnb Rooms also offers more information about hosts and other crucial details like if the bedroom door comes with a lock or if the bathroom is private or shared.

This is going to be especially popular for the next generation of travelers, Brian Chesky, Airbnb CEO, via Associated Press.

The average Gen Z traveler wants to pay less than $100 a night, Brian Chesky, Airbnb CEO, via Associated Press.

AP reports that Airbnb earned $1.9 billion in 2022, riding on a wave of increased bookings and revenue.

According to analysts, the San Francisco-based company is expected to have an even more profitable 2023.

The boost in earnings comes despite resistance to high cleaning fees, which forced Airbnb to change the way prices are displayed on its site.

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The boost in earnings comes despite resistance to high cleaning fees, which forced Airbnb to change the way prices are displayed on its site.