Airbnb Rolls Out AI Tools to Boost App Reliability, Transparency

Airbnb Inc ABNB is reportedly introducing new features and artificial intelligence enhancements to its app, aiming to boost user trust in the platform's reliability. 

To distinguish superior accommodations, Airbnb's latest update, unveiled on Wednesday, includes a "Guest Favorite" badge for listings with over a 4.9-star rating and less than 1% host cancellations. 

Of the seven million-plus homes listed, 2 million have already earned this distinction, offering a signal to potential guests of a dependable and quality stay.

Related: Airbnb Stock Slides After Q3 Performance, Q4 Outlook: Explainer.

These upgrades come as part of the company's seasonal winter release and promise to deliver increased transparency. 

The firm will launch a new artificial intelligence feature that categorizes images according to the room type, Bloomberg noted. 

Additionally, it will offer an expanded view of reviewers' experiences in the listing reviews, detailing the duration of their stay, the size of their traveling party, and other relevant information.

The updates represent the most recent efforts by the company to adjust to the changing travel landscape in the wake of the pandemic. 

This adaptation addresses the intensified rivalry with hotel offerings and the trend towards favoring longer reservations of 28 days or more over the previously dominant short-term stays.

Price Action: ABNB shares are down 3.49% at $116.85 on the last check Wednesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.