"Airbnbust" refers to lower occupancy rates Airbnb hosts are experiencing
Most hosts blame market saturation for this, but guests are increasingly voicing their hatred for the short term rental platform.
Are these reasons leading to Airbnb's downfall? >>
Guests constantly complain about Airbnb's egregious fees for cleaning and processing, nicknaming it "AirFeeandFee."
One guest described paying a $380 cleaning fee and still needing to "throw all sheets and towels into the wash, bleach them, hang them out to dry, and then fold them."
Airbnbs don't have the same safety requirements as a hotel. Hotels have fire alarms, deadbolts, and 24-hour staff that not all rentals do.
It's not just former Airbnb guests that are frustrated—locals have described being evicted or priced out of their property due to short term rental demand.