Airbnb offered a platform for owners to rent their homes on a short-term basis.
In exchange for the service, the platform took a piece of the action. This is the classic "middleman" in between users and the hosts.
The situation got a bit worse since Airbnb upset many of the renters where their lack of a refund policy due to the coronavirus.
Hosts are now taking matters into their own hands. They are now building platforms themselves which cut out the likes of Airbnb and Booking.com.
Many had plans on the works before the pandemic but this just sped things up.
Having their own platforms allows them to retain more of the proceeds along with being able to offer lower prices, something that can't take place on Airbnb.
Here is a write up that details how hosts are decentralizing the short term booking industry to get away from the centralized platforms that are causing them problems.
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