Airbnb is making a renewed push to increase room supply after the average price per night soared by more than 40% above pre-pandemic levels.
Chief executive Brian Chesky said he was “not satisfied” with the inflated cost of using the short-term accommodation site.
He has laid out measures to address the problem, including a move to pay existing hosts to help new ones get set up on the platform, as well as longer-term plans to reduce cleaning fees.
