Metrics question

What is the success metric for Airbnb's booking experience?

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What this question tests

Ability to define a single, defensible success metric for a specific, well-scoped part of a broader product experience, the booking flow specifically.

How to approach it

  1. Scope the question narrowly to the booking experience itself, search through confirmed reservation, not Airbnb's overall business health.
  2. Consider candidate metrics: search-to-booking conversion rate, time-to-book, and post-booking cancellation rate.
  3. Select booking conversion rate as the primary success metric, since it most directly reflects whether the booking flow itself is working, not external factors like listing supply or pricing.
  4. Add cancellation rate within 24-48 hours of booking as a guardrail, since a high conversion rate achieved by a confusing or misleading flow would show up as buyer's-remorse cancellations.
  5. Explain briefly why time-to-book is a secondary, not primary, signal, since a faster book isn't necessarily better if it comes at the cost of informed decision-making.

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