This is very similar to the scaling problem with Etsy. What started out as a way for creative people to make money from their quirky local crafts is now a marketplace filled with duplicative factory-made junk you can often also find on eBay or Amazon.
Lately Airbnb has tried to combat this obvious degradation in quality by highlighting high-end stays at unique properties that can cost absurd amounts of money (screengrab: https://imgur.com/nDu8tpL), so it looks cool but they know actual demand is low.
Lately Airbnb has tried to combat this obvious degradation in quality by highlighting high-end stays at unique properties that can cost absurd amounts of money (screengrab: https://imgur.com/nDu8tpL), so it looks cool but they know actual demand is low.