[quote]To me one of the most important ones is that we are not always competing with hostels and budget hotels. It seems that our major competitors are mid-range hotels. [/quote]
Indeed. Of course different types of Airbnb listings (e.g., entire home vs private room) will differ to some degree in terms of who they’re generally competing with.
Because I have a permanent bee in my bonnet that hosts shouldn’t reduce prices wherever possible, I think this is great news.[/quote]
Yes, actually some of my new, current research is on Airbnb pricing. It’s an interesting topic, as there are so many relatively unique factors that influence hosts’ pricing decisions.