Source: NYT > Business (paywall)
Airbnb allows hosts to raise prices on existing bookings weeks before arrival. Guests are locked in by deposits and travel plans; hosts face no penalty. The policy prioritizes host revenue over booking certainty, undermining Airbnb's pitch as a trustworthy alternative to hotels, where rates are contractually fixed. California regulators are monitoring the practice. Guests may migrate to competitors offering price-lock guarantees as demand peaks around travel events.