Airbnb's Structural Problem: Hospitality vs Tech | Stuart Greif posted on the topic | LinkedIn
📈 Airbnb's role is more about resolving issues than hospitality, addressing failures like refunds and cancellations. Sonder, once valued at $2.2 billion, liquidated via Chapter 7 by November 2025. Vacasa, valued at $4.5 billion in 2021, was sold to Casago in April 2025 for $130 million, a 97% decrease. Inspirato's gross margins fell from 71% to 31%, leading to a $59 million acquisition by Exclusive Resorts. These failures highlight the operational challenges of short-term rentals.
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