Airbnb has announced support for the No Hidden Fees on Extra Expenses for Stays (No Hidden FEES) Act of 2023 (H.R 6543) introduced by U.S. Representatives Young Kim (CA-40) and Kathy Castor (FL-14). The bill would create a national standard for price display across the accommodation industry, including short-term rentals and hotels.
“Last year, Airbnb launched total price display to make it easier for guests to find stays that fit their budget, and help our Hosts set competitive prices. We are proud to be an industry leader on price display, which is why we support the No Hidden Fees Act to create a national industry-wide standard for price display at a time when affordability is top of mind for consumers. We applaud Representatives Kim and Castor for their work on this legislation and we look forward to helping raise support for its passage,” said Theo Yedinsky, Airbnb’s Global Policy Director.
Last December, Airbnb launched the option to display total pricing in the US and other countries without existing price display requirements. US guests can now view total pricing with fees, before taxes, across the entire app. Since we launched the tool, over 8 million guests have booked travel on Airbnb using total price display1.
In June, Airbnb’s Chief Financial Officer Dave Stephenson joined President Joe Biden for a meeting at the White House to highlight private sector companies that have launched price display improvements for consumers.
Affordability for consumers
Support for federal price transparency legislation is the latest in our efforts to promote affordability on Airbnb, from new pricing tools for Hosts, to making pricing even more transparent for guests.
Airbnb Rooms – In today’s economic environment, people want to travel affordably and this category offers a low-cost option for guests with the average rate of $67 per night.
New and improved pricing tools for Hosts – Hosts can now easily add weekly and monthly discounts, access updated price breakdowns that show what guests pay and Hosts earn, and compare their listing to similar ones in their area. Today, four out of every five Hosts use one of our pricing tools. Almost 680,000 Hosts have used our new tool to compare their prices with similar listings nearby, while almost two thirds of Hosts offer weekly or monthly discounts2.
Monthly stays – For stays over three months, we’re significantly reducing the guest service fee after the third month and guests in the US can also save for stays over one month when paying with their linked bank account.
Cleaning fees – This year over 260,000 listings lowered or removed their cleaning fees3 – on top of nearly 3 million listings that currently don’t charge one.
We look forward to working with federal policymakers to support passage of the No Hidden Fees Act and other efforts to promote industry-wide price display.
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