The Decline of Airbnb: Challenges and Shifts in the Short-Term Rental Market
By Bill Manassero Once hailed as a disruptor in the hospitality industry, Airbnb’s meteoric rise has been marred by a series of challenges in recent years, leading to a noticeable decline in its dominance. From regulatory hurdles to changing consumer preferences and the impacts of the COVID-19 pandemic, Airbnb faces a host of obstacles that threaten its position in the short-term rental market. Regulatory Challenges One of the significant challenges facing Airbnb…