The CEO of Airbnb wants you to charge less for your house

The CEO of Airbnb wants you to charge less for your house

Airbnb CEO Brian Chesky thinks hosts on his platform should lower their prices.

• "We want prices to move and to be more competitive vis-à-vis a hotels—that is really important," said Chesky.

• "We need to get our house in order," he added.

Airbnb CEO Brian Chesky has a message for hosts on his platform: lower your prices.

"We want prices to move and to be more competitive vis-à-vis a hotels— that is really important," said Chesky as part of a Monday interview with Bloomberg.

Airbnb's current rate comparison tools for hosts do not incorporate nearby hotel rates. Chesky said he wants hosts "to look at rates for hotels in their area just so they have a sense of what travelers are getting on other platforms."

"We need to get our house in order," said Chesky, who pointed to issues of affordability, not showing customers total prices per listing, and fake listings as things the company would seek to address going forward.

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