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Stock impact report

Airbnb's New Listing Verification Process Favors Pro Hosts [Yahoo! Finance]

Vacasa, Inc. (VCSA) 
Company Research Source: Yahoo! Finance
In the United States, Canada, Australia, United Kingdom and France, the verification process for pro hosts consists of just checking two boxes indicating that their listings satisfy verification requirements and that they are authorized to attest to that. There is no other proof required. Individual hosts need to provide photos or videos. Professional hosts could be those with, say, 20 listings or public companies. such as Vacasa and Sonder with thousands. Hosts who don't submit verification for their listings within several weeks after receiving an email prompting them to do so risk having their calendars blocked, meaning they can't take new reservations. Airbnb blocked or removed more than 200,000 fake listings in 2023. Now it is undertaking the mammoth task of verifying its more than 7 million listings. Airbnb, which declined to comment on the verification process for this story, is expected to provide an update in March about how many of its listings it has verified. He Show less Read more
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