A short YouTube video by Mark Simpson (uploaded Feb 22, 2022) warning that short-term rental hosts are overly dependent on third-party booking platforms (Airbnb, Booking.com, VRBO). He argues this reliance—sometimes over 70% of bookings—puts hosts at risk of losing their business when platforms change or remove listings.
February 22, 2022.
Over 70% reliant on third-party platforms.
The hospitality industry is like no other. I don't know any other industry in the world where you can start a business, put a couple of pictures on one or two websites and are guaranteed to bring in revenue and bookings. This is a blessing but it's also a curse. It's a blessing that you are guaranteed to get revenue but it's a curse because you are over reliant on one or two websites to bring in your business and run your business. I'm talking about Airbnb booking.com and VRBO. The problem is is that when you over rely on another business to bring in your revenue then you are building your house on someone else's land. Airbnb booking.com, vRBO Just like a fan or Snap I've got the ability to take away your business and your livelihood and you may be wondering why this is a problem. Why will this affect you? I know hosts that are over 70% reliant on third parties bringing in their bookings and they have lost their business because of this.
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