That company is already under assault from hosts starting to set up their own applications. The challenge for Airbnb is that it is a rent seeker, literally. The money it takes from both parties in the transactions serves as a facilitation fee. I guess the insurance does help a bit but not to the tune of what the company is valued.

Travel is going to be down for a long time in my opinion. This will hasten the fall of a company like that. It was already facing disruption from technology and now the revenue stream was hit hard.

This is one I will bet will not be around in 3 years unless they make some drastic changes to their business model.