Preview

Airbnb History

Good Essays
Open Document
Open Document
632 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Airbnb History
Airbnb

Airbnb Celebrates Record Growth With 10 Million Guest Nights Booked SAN FRANCISCO, CALIF. – June 19, 2012 -­‐ Airbnb, the world’s leading marketplace to list, discover and book unique accommodations, announced today a milestone of 10 million guest nights booked on the site. This time last year, the company had one office in San Francisco and had yet to reach 2 million guest nights booked. In winter 2012, Airbnb reached the 5 million nights booked threshold and expanded to 10 offices around the globe. Now, only five months after reaching 5 million, Airbnb has reached 10 million guest nights booked, effectively doubling in size and cementing its status as the market leader worldwide. “At Airbnb, we use the power of the web to bring people together in the real world,” said Brian Chesky, CEO and co-­‐founder of Airbnb. “And 10 million nights booked means that Airbnb is bringing people around the globe together like nobody has before. Years from now we’ll look back on this as a key milestone in the development of the global sharing economy, which is creating new opportunities for people in every corner of the world.” Every day, the Airbnb community is setting new records in bookings and listings. This growth means that more and more Airbnb hosts in the U.S. are connecting to the sharing economy, renting out their extra space to make income that improves their life. Eric Mathiasen, who rents a room in Chicago, uses his Airbnb income to pay for graduate school. “The income I make on Airbnb has wildly exceeded my expectations. I’m able to pay for tuition, save up money

You May Also Find These Documents Helpful

  • Powerful Essays

    In July 2010, Alex flew to Honolulu, Hawaii to supervise the construction of two additional bedrooms to a house he owns there. He leases this house to a couple, and they operate the house as bed and breakfast (B&B). Those two newly constructed bedrooms were an addition to their B&B.…

    • 1142 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    The second article by Catharine Hamm circles around the fact that the sharing economy is so much more than just about money, in the same way as the first article. Catharine Hamm shares her peer-to-peer experience about when she was on a trip to Denver, where she found out that the sharing economy is about making connections, finding real people and getting insider information to experience a city more fully; “I met the nicest people, ate and slept well, found great office space, took a fun tour and learned a lot about my host city”(p.1, l.30-34). Furthermore, she claims that most of all the sharing economy is about trust, and that the trusting souls are a part of the sharing economy. She describes an experience with Beth Brandstatter through…

    • 215 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    The U.S. hotel industry recorded revenue of $113.7 billion and grossed $16.7 billion in pretax profit in 2004. As of December 31, 2004, there were 4.4 million hotel rooms in the United States. Approximately two-thirds of all U.S. hotel rooms were affiliated with a brand; the remaining one-third was independently owned and not brand-affiliated. Although companies such as Cendant Corporation, Marriott International, Inc., Hilton Hotels Corporation, Inter-Continental Hotel Group, and Choice Hotels International, Inc leads the industry in having the most hotel rooms in the United States, the…

    • 2357 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Lastly, some people will argue that the Airbnb regulation can have a negative impact on homeowners, travelers and the community alike. The supporters of the Airbnb claim that the ordinance will add more taxes and fees which may affect the income of thousands of homeowners who have a chance to make some extra money through short-term rentals (2). For many hosts, the money from Airbnb is the single source of income so it helps them to make their family budget. In addition, homeowners who rent their homes through Airbnb call the city has numerous ordinances to protect its residents. For example, the city of Chicago has noise, trash, parking, occupancy ordinances, and these rules only need to be enforced for all properties. Also, Airbnb operators show that their guests support local business by staying in areas, with significant spending they generated a great economic impact in Chicago, and a large number of visitors can animate the city, so it will not seems like ghost town when Chicago’tourist traffic is low (1).…

    • 319 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Be Our Guest Inc Summary

    • 791 Words
    • 3 Pages

    Although Be Our Guest was a dominant force in equipment rental, their “full service” did not consist of providing tents. They may end up saving on high labor costs and prevent themselves from incurring lower margins but nonetheless, they lose at least $20,000 in revenue per order. Aside from tents, the company’s other competitors are not as significant as they mostly include other businesses who either generate the same profits or handle larger jobs yet take up less market share. They made sure that from just the catering perspective, caterers would contact them unless they had their own rental operations, which is also viable competition.…

    • 791 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Sociology Uber Assignment

    • 644 Words
    • 5 Pages

    • Since Uber's launched, several other companies have emulated its business model, a trend that Vision & Mission • Uber is a software company and does not own any of the cars which transport Uber customers. • Uber has negotiated contracts with drivers and takes 25 percent of the fare. • The initial launch city was San Francisco in 2010 and Kalanick has been busy raising capital ever since. • Seamlessly connecting riders to drivers through our apps, cities have become much more accessible, opening up more possibilities for riders and more business for drivers. • The mission of Uber is that they offer a lot more: reliability, customer support, style, comfort and reduce frustration.…

    • 644 Words
    • 5 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Crescendo Concept

    • 282 Words
    • 2 Pages

    On average there are 30 days in a month at $125 that is 3,750. At this rate he would not achieve a 300,000 profit. This rate would not even cover the $470,000 the owner needs to make. To meet his goal he would need to charge the following amount. $770,000 / $125 room = $6160 / 30 days = $205.33 per night. You would then add the $40 it takes to maintain each room and this to the last total. The owner would need to charge $245.33 per night to reach his goal of $770,000.…

    • 282 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Ever since technology has become cheaper many people have easy ways to access the internet in their house and carry out research into the travel as well as destinations to make their own bookings an website, like Expedia, who have made their profit off of…

    • 805 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    The lodging industry was dominated by twelve leading hotel chains in the United States in 2009. Out of these twelve leading hotel chains, each one of them has features that accommodate to one consumer but not to another. One of the bigger hotels may have more properties with so many rooms with very little to offer but low revenue, but another hotel with less properties with almost the same amount of rooms, more to offer and have higher revenue. In 2009, the lodging industry was suffering from chronic overcapacity. Out of 50,000 properties, that was around 4.8 million rooms, equaling one room for…

    • 1120 Words
    • 5 Pages
    Good Essays
  • Good Essays

    The hotel industry isn’t about one stay—it’s about how you can get customers to stay loyal to you and not the competitors. It has to do with exposure and preference.…

    • 843 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Now, more and more universities try to hire companies like RoomSynk, which suppose to help…

    • 714 Words
    • 3 Pages
    Good Essays
  • Good Essays

    It is common knowledge that the prices people have to pay for accommodation in hotels vary enormously. Furthermore, hotel revenue managers probably posses or more or less accurate intuition of what causes room rates to diverge. However, they do not know how Online Travel Agent sites select the leading hotels to be placed on their first search page. In this respect, some determinants are expected to be associated with hotel prices in a more or less linear way. To say it differently, price differences between hotels underscore the presence or not of some variables expected to influence the latter. It is essential for hotels to understand how they can price their rooms and maximize yield while remaining competitive. Therefore, we conducted an extensive analysis to help hotel revenue managers find out what key variables influence price on Orbitz. The data were gathered from Orbitz.com directly. The data is about 1623 hotels that are located in 8 different geographical markets in the United States: Atlanta, Chicago, Los Angeles, Las Vegas, New York, Orlando, Honolulu, and Myrtle Beach.…

    • 7495 Words
    • 30 Pages
    Good Essays
  • Powerful Essays

    Why Is Housing Expensive

    • 1314 Words
    • 6 Pages

    Months past and it’s that time for those students to embark on a new journey in their lives. When they arrive on campus, the first thing that they do is find the room they will be staying in and immediately began to unpack and get settled in their new residence. Most parents receive letters in the mail explaining how much they owe at the end of the semester and the one thing that pops up on the list is the cost of housing per semester. For most parents in the U.S, they already have to worry about paying for classes at ERAU, which cost roughly around $5,000 a class plus meal plans, health center, SGA, and other minor things. The topic of my Analytical Report is to find valid facts on why the housing at ERAU costs so much for what it is worth. Within my report, I will explain the outcomes of why housing has become so expensive and also ways that students have handled the reality of paying for…

    • 1314 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    More than 4 billion people around the world are deprived of access to decent accommodation, including 150 million in developed countries.…

    • 914 Words
    • 4 Pages
    Good Essays
  • Good Essays

    It is no wonder that booking hotel rooms can now be done in a more convenient way today. If a certain traveler is planning to visit a foreign place, it would be hard for him if he does not have a hotel or residence to reside in that country. Before, booking a certain hotel room required long processes such as talking to a hotelier either in person or through the phone. Just imagine the disposition of the hotelier if multiple clients came to ask questions about reservations at the same time. Through an online hotel reservation system, hoteliers and travelers will both be benefited. Hotels have minimal need of travel agents to look for clients because information about their business establishment is readily available online.…

    • 792 Words
    • 4 Pages
    Good Essays

Related Topics