Airbnb is not in a party mood this summer
Carl Court/Getty Images News
Airbnb (NASDAQ:ABNB) disclosed in its corporate blog on Wednesday that it is instituting new measures across the U.S. to help reduce the risk of disruptive and unauthorized parties over the upcoming Memorial Day and Fourth of July holiday weekends.
"Our anti-party system for the upcoming holiday weekends aims to help do this by taking steps to identify certain potentially higher-risk one-night and two-night booking attempts by guests of entire home listings, and preventing those bookings from being made."
Some of the factors that Airbnb (ABNB) will consider in cracking down on parties are whether the guest has a history of positive reviews, the distance to the listing, and whether the booking was made at the last minute. Guests who are able to make local reservations are required to attest that they understand that the company bans parties, and that if they break this rule, they may be subject to suspension or removal from the online travel platform.
Analysts have suggested in the past that Airbnb (ABNB) needed to sharpen its anti-party policies in order to attract more home rental supply.
Shares of Airbnb (ABNB) fell 1.85% in morning action on Wednesday.
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